P&I Clubs face future stress: AM Best

The financial position of the International Group of protection and
indemnity (P&I) clubs remains strong despite downward rate
pressure caused by struggling fleet members and decreased
investment income, according to AM Best.
Echoing comments from some of the 13 individual P&I clubs
that make up the International Group, AM Best said in a report
released yesterday it expected most clubs to enter the 2017/18
policy year in a good financial position despite the challenges
facing their membe