An Eye on P&I: A Marine Podcast from Marsh
This series explores the world of protection and indemnity (P&I) clubs, discussing their history, structure, functions, and operations, and the vital role they play in the marine industry. P&I clubs are crucial to the marine industry, as club members pool resources, expertise, and financial strength to manage risks and provide insurance coverage. Acting as shipowners' mutual protection societies, they offer coverage for third-party liabilities. Through their collective efforts, P&I clubs contribute significantly to the safety, stability, and sustainability of the global maritime industry.
Episodes
Episode 20: The X-Press Pearl – The legal aspects
This final episode, examines the legal fallout from the X-Press Pearl loss, focusing on Sri Lanka's July 2025 Supreme Court judgment and its implications, parallel criminal proceedings and the interim US$1bn payment order.
Episode 19: The X-Press Pearl – How events unfolded
This episode continues the conversation about the tragic loss of the X-Press Pearl shedding light on the complex circumstances surrounding the incident.
Episode 18: Loss of The X-Press Pearl – What now?
This episode discusses the 2021 X-Press Pearl disaster, covering the fire, nurdle pollution, legal fallout and insurer exposure.
Episode 17: P&I Sustainability Initiatives – Part 2
Part two of our podcast double-bill exploring the impact of sustainability on the insurance market and on P&I clubs.
Episode 16: P&I sustainability initiatives – part 1
Learn what sustainability means for P&I insurance, how it impacts club membership, and the key initiatives driving change in the industry.
Episode 15: Role of a Broker
How P&I insurance brokers help ensure pricing is fair, provide renewal guidance, assist with claims, and mediate between clients and clubs.
Episode 14: Defence Cover
Understand defence cover - what it entails and the types of disputes it can address, as well as variations between different clubs' rules and cover limits.
Episode 13: Cyber risks
With modern ships heavily reliant on computers and computer software, this episode discusses cyber risks in relation to P&I cover, including cover limitations.
Episode 12: War Risks
Learn what constitutes a war risk, if war risks are included in standard P&I club cover, and the differing limits and conditions for shipowners and charterers.
Episode 11: Ancillary covers
Understand the role of ancillary covers in managing and mitigating specific liabilities in the maritime industry not covered by P&I club rules.
Episode 10: Cover for charterers
Learn about the different types of charterer, the liabilities and risks they face, and how charterer coverage requirements vary from shipowners.
Cover for charterers
Learn about the different types of charterer, the liabilities and risks they face, and how charterer coverage requirements vary from shipowners.
Episode 9: How hull and P&I interact
Understand the key differences between hull and P&I insurance policies, how they interact, and how to avoid overlap.
Episode 8: Underwriting and pricing
Learn how underwriters provide quotations for new ships, negotiate fleet renewals, apply premium increases, price new tonnage, and issue certificates.
Episode 7: Trading certificates
Discover how trading certificates verify a ship's condition, safety, and insurance cover. Understand their role in compliance and shipowners' smooth operations.
Episode 6: Risks covered and claims handling
Learn about the main risks covered by P&I clubs and how claims are handled. Hear about the role of club correspondents and what happens after a claim is notified.
Episode 5: The Pooling Agreement
Understand how the cost of claims is shared among the 12 International Group clubs, the limits of cover, and the allocation of reinsurance costs.
Episode 4: The International Group
Hear about the International Group of P&I clubs, which collectively account for about 90% of the world's ocean-going tonnage.
Episode 3: The role of club boards
The crucial role of a P&I club's board of directors. Explore the board member selection process, how boards operate, and how committees are structured.
Episode 2: The structure of modern P&I clubs
Learn about the unique structure of modern P&I clubs and how they operate as stand-alone businesses.
Episode 1: History of the P&I club system and the concept of mutuality
In episode one, we discover the fascinating history of P&I clubs and discuss the concept of mutuality. Learn about the benefits of being a member and the role of managers in ensuring the smooth functioning of these clubs.
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