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North’s diversification strategy rises to unprecedented challenges Following a challenging period for the global economy and shipping in a year which saw a record level of International Group (IG) pool claims, North is reporting positive returns for its 2020-2021 financial year. North’s recently published Annual Review posts robust growth across a number of diversified lines and, at 6.67% (equivalent to US$64.5M), its highest return on investments for many years. In continuing its transformation from a monoline P&I Club to a diversified global marine insurer, North achieved premium income growth of US$60M across its mutual and diversified business lines, reaching US$406M. Thya Kathiravel, North’s Chief Underwriting Officer, commented that “year on year, premium increases were especially notable for Sunderland Marine Hull, P&I and Aquaculture lines and the newer, diversified Owners’ Fixed Premium P&I as well as North’s Hull facilities.”

James tyrrellEd daviesPratap shirkeThya kathiravelPaul jenningsEngland pi clubInternational groupPi clubAnnual reviewChief underwriting officerSunderland marine hullChief financial officerChief executiveNorth chairஜேம்ஸ் டைரெல்எட் டேவிஸ்