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Formal approvals keep merger plan on course to establish NorthStandard as marine insurance major hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
The Standard Club, a leading shipping protection and indemnity mutual insurer, has published its Annual Report 2022, revealing a significant improvement in its combined ratio. In 2021/2022 the club achieved a combined ratio of 105% on premiums of $294m, compared with a 2020/21 ratio of 121%. A defensive investment strategy limited the impact on the . ....
The merger will create one of the largest providers of mutual cover in the maritime industries with consolidated annual premiums of around $750 million. ....
Newcastle-headquartered marine insurer North P&I buoyant as Standard Club merger moves closer netimesmagazine.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netimesmagazine.co.uk Daily Mail and Mail on Sunday newspapers.
Approval is given to merging North and Standard Club after separate member meetings resoundingly back plans to create a market-leading global marine insurer and one of the largest providers of mutual cover in the maritime industries. Both clubs held special general meetings on May 27th to approve the proposal to merge the two organisations into . ....