This product was designed for operators of vessels of up to 10,000 gt.
Under the Sunderland Marine trading name, the fixed premium product was developed specifically for shipowners and operators who want both insurance cost certainty and market-leading service, supported by an experienced team with an exceptional reputation in the market.
All policies are secured by North, with certificates, blue cards and guarantees issued by North. Policyholders will benefit from North and Sunderland Marine’s comprehensive international network available 24/7.
Thya Kathiravel, North and Sunderland Marine’s Chief Underwriting Officer, commented, “Diversification is a significant feature of North’s overall strategic direction. We have now developed a high quality fixed premium P&I product and service proposition and are confident that our increasing profile in this sector will deliver meaningful financial benefits for our mutual membership.”
The new fixed premium product will be managed from North’s new London office.