Mutual insurers UK P&I Club and the TT Club are currently engaged in discussions regarding a potential merger.
The clubs have worked closely together for many years through their common manager, Thomas Miller. At their meetings in November, the boards of both clubs agreed to explore the possibility of cementing this existing relationship through a potential merger. The combined club would be well positioned to support its members, and the broader maritime and transport industries, in addressing the challenges and opportunities of the future, they said.
Jan Valkier, chairman, UK P&I Club, said that exploring a merger with the TT Club reflects the former’s “strategic focus on achieving greater scale, diversification and sustainable growth”.
His counterpart at TT Club, Morten Engelstoft, said that discussions are still at a nascent stage, although each individual brand would likely be preserved should the merger go ahead. “We are still in the early stages of our discussions and whilst no final decision has yet been made we are confident that this opportunity creates exciting prospects for both clubs.”
