November 7 - The UK based Shipowners' Club, a major mutual marine P&I (protection and indemnity) insurer in the smaller and specialist vessel sector, has had the 'A' rating it applied for earlier this year confirmed by two leading credit agencies.

Leading financial market intelligence provider S&P (Standard & Poor's) has confirmed the mutual's 'A' rating with an outlook of 'stable'. At the same time full-service credit rating organisation A M Best also assessed Shipowners as 'A' rated.

In welcoming the news Shipowners' Club chief executive Charles Hume, said: "We are sure that our members and their brokers will be pleased to note that the overall strength of the Club has been recognised by these ratings."