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Protection and Indemnity (P&I)

Ship owners and operators look for responsive service and fair pricing when selecting their P&I providers.

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Through our experienced team of specialists and our strong focus on data and analytics, we can help you navigate the P&I market. We broker P&I risks for clients across the whole International Group (IG) and fixed premium insurance marketplace.

13%

of total premium placed with ‘A’ rated P&I clubs handled in 2023

20+

years’ experience in the P&I market

What sets us apart?

The strength and depth of our highly experienced team and the personal service we provide our clients.

Our proprietary data and analytics tools provide ship owners and operators analysis and insight into the world of P&I insurance:

  • P&I rating engine: Provides an independent, fully modelled indication of a “fair” P&I premium for most types of P&I business that is arrived at by assessing realistic allocations to abatement and IG pool costs. This enables us to challenge club pricing models and empowers premium negotiations for our clients.
  • MarineSight P&I rate benchmarking: Allows you to compare yourself to the wider market.
  • Loss record and retention versus risk transfer analysis tools: Provide deeper insight into how you perform against the market and how different retention structures can affect your premiums.

Our thought leadership helps you stay ahead of risks and competitors. We regularly deliver analyses of critical issues facing ship owners and operators and circulate insights into the technical challenges of P&I insurance, including frequent market updates.

Our highly experienced P&I specialists - including qualified lawyers and a former P&I club chair - work hand-in-hand with our marine claims advocacy team to assist you as required, especially with large, complex or contentious claims, including those falling into the “grey areas” of P&I coverage.

P&I club update 2023: Approaching a tipping point?

What direction is the P&I market headed? How will the clubs respond to the changing competitive landscape?

In our latest P&I club update, our specialists analyse recently published financial results and consider whether the market sentiment will change heading into 2024.

Download the report

Report

P&I club defence cover: A comparative evaluation

P&I clubs offer differing levels of freight, demurrage, and defence (FD&D) coverage and service. Understanding those differences and being able to evaluate their impact on your business is vital. Our highly-experienced P&I specialists can help you make the right, informed choice.

Download the report

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Our people

Placeholder Image

Jennie Page

Head of Marine, Marsh Specialty Pacific

Luke Dheir

Luke Dheir

Principal, Marine - Pacific

This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. LCPA 23/214

“Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”