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North's diversification strategy rises to unprecedented challenges | Hellenic Shipping News Worldwide

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 Tyrrell , Ed Davies , Pratap Shirke , Thya Kathiravel , Paul Jennings , England Pi Club , International Group , Pi Club , Annual Review , Chief Underwriting Officer , Sunderland Marine Hull , Chief Financial Officer , Chief Executive , North Chair , ஜேம்ஸ் டைரெல் , எட் டேவிஸ் , பிரதாப் ஷிற்க்கே , பால் ஜென்னிங்ஸ் , இங்கிலாந்து பி சங்கம் , சர்வதேச குழு , பி சங்கம் , ஆண்டு விமர்சனம் , தலைமை எழுத்துறுதி அதிகாரி , தலைமை நிதி அதிகாரி , தலைமை நிர்வாகி , வடக்கு நாற்காலி ,

North P&I Club Names Arklow Shipping's Tyrrell As

Maritime Activity Reports, Inc.
February 4, 2021
James Tyrrell (left), newly-elected as chair of North P&I Club, pictured with Paul Jennings, North chief executive (Photo: North P&I Club)
North P&I Club has elected James Alexander Tyrrell as its new chair of the board, succeeding Pratap Shirke, in a change at the helm of the global marine insurer that also sees Ioanna Procopiou become the Club’s first female vice-chair.
Tyrrell, a director of North member Arklow Shipping, takes up the role from February 4, having previously served as vice-chair of the North board. The formal announcement follows full approval by the Prudential Regulation Authority, which supervises around 1,500 banks, building societies, credit unions, insurers and investment firms for the Bank of England. ....

James Alexander Tyrrell , Pratap Shirke , Ioanna Procopiou , Prudential Regulation Authority , Cypriot Shipowners Association , Pi Club , Union Of Greek Shipowners Association , North Pi Club , Arklow Shipping , Greek Shipowners Association , ஜேம்ஸ் அலெக்சாண்டர் டைரெல் , பிரதாப் ஷிற்க்கே , விவேகமான ஒழுங்குமுறை அதிகாரம் , பி சங்கம் , வடக்கு பி சங்கம் , ஆர்க்லோ கப்பல் போக்குவரத்து ,