The Shipowners’ Club

What The Shipowners’ Club does

The Shipowners' Club, legally The Shipowners' Mutual Protection and Indemnity Association (Luxembourg), is a mutual insurance association founded in 1855, headquartered in London with legal domicile in Luxembourg and service offices in Singapore, Hong Kong, and Greece. The Club specializes in Protection and Indemnity (P&I) insurance, Legal Costs Cover, and an expanding set of related covers for small and specialist vessel operators across nine segments: barge, cargo, fishing, harbour, offshore, passenger, tanker, yacht, and autonomous vessels. As of 31 December 2025, the Club serves 8,296 members covering 35,378 entered vessels with 34.4 million gross tons and reports a 99.2% membership retention rate and a 99.6% combined ratio.

The Club's product suite now spans core P&I and Legal Costs Cover, the Medisea medical enhancement scheme, Loss Prevention with a Condition Survey Programme, Sanctions advisory, Personal Accident Insurance, Hull & Machinery insurance (launched in 2025), and the Waterborne Lloyd's MGA platform (acquired in 2025). Underlying technology consists of the P&I Online digital portal and mobile application, sanctions screening systems, and the Waterborne distribution platform; the Jumar Technology partnership is cited to simplify the insurance technology stack.

The Club operates as a member-owned mutual, governed by a Board elected through AGM processes, and distributes exclusively through a global network of more than 650 marine insurance brokers plus a worldwide correspondent network. Revenue mechanics follow the classic mutual P&I model: annual premium calls (with the option of supplementary or release calls) plus investment returns on reserves; pricing is risk-based and not publicly disclosed, billed annually. The Club is a member of the International Group of P&I Clubs, holding a Standard & Poor's A credit rating (upgraded from A-) with a positive outlook, and reports GDPR-compliant data practices across its operating jurisdictions.

Name

The Shipowners’ Club

Legal name

The Shipowners' Mutual Protection and Indemnity Association (Luxembourg)

Website

https://shipownersclub.com

Company type

Private

Founded year

1855

Operating status

Operating

Headcount range

101–250 employees

Short description

The Shipowners' Club is a 170-year-old mutual insurance association, headquartered in London and domiciled in Luxembourg, providing Protection and Indemnity (P&I) insurance, Legal Costs Cover, and specialty marine covers for small and specialist vessel owners and operators across nine vessel segments, distributed through 650+ brokers worldwide.

Ownership category

akta.pro rank

Product category

Marine Insurance

NAICS

Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH)

akta.pro secondary industries

Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ), Ocean Marine Insurance (Hull, Cargo & Freight) (FSAJAHAA)

Keywords

• Marine insurance
• Protection indemnity
• Vessel insurance
• Hull machinery insurance
• Maritime liability cover

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Mutual Insurance Contributions: As a mutual insurance association, the Club collects premiums in the form of calls (annual contributions) and may levy supplementary calls or release calls as needed based on claims experience and financial requirements. Revenue is generated from member contributions and investment returns on the Club's reserves.
2. Investment Returns: The Club generates returns through prudent investment of collected premiums and reserves, contributing to its strong capital position and ability to maintain stable membership pricing.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

The Shipowners' Club is a mutual insurance association that provides Protection and Indemnity (P&I) insurance, Legal Costs Cover, Hull & Machinery insurance, and Personal Accident insurance for owners, operators, and managers of small and specialist vessels. Coverage is supported by digital platforms (P&I Online), loss prevention services, sanctions compliance, and the Medisea seafarer medical enhancement scheme, distributed through a global network of over 650 marine insurance brokers.

Product overview

The Shipowners' Club is a mutual insurance association offering a comprehensive suite of Protection and Indemnity (P&I) insurance products and related services for small and specialist vessels. The core offering centers on P&I Insurance and Legal Costs Cover, supported by digital platforms (P&I Online portal and app), risk management services (Loss Prevention, Sanctions compliance), and specialized offerings (Medisea medical scheme). The Club recently expanded through acquisitions (Waterborne MGA) and product launches (Hull & Machinery Insurance), providing coverage across diverse vessel segments including barges, cargo vessels, fishing boats, harbour craft, offshore vessels, passenger ships, tankers, yachts, and autonomous vessels.

Differentiator

Problem solved

Functional benefit

Brands

• P&I Online: Online portal for P&I insurance management
• Medisea
• Waterborne

Products and services

• Protection and Indemnity (P&I) Insurance Core mutual insurance coverage providing protection and indemnification for shipowners against liabilities arising from vessel operations, crew injuries, passenger claims, pollution, and collision, tailored to vessel type (barge, cargo, fishing, harbour, offshore, passenger, tanker, yacht, autonomous).
• Legal Costs Cover (LCC)

Quantifiable outcome

• 99.2% Membership retention rate
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• International Group of P&I ClubscoreStrategic or Co-development PartnerThe Club is a member of the International Group of P&I Clubs, which represents approximately 90% of the world's ocean-going tonnage. The Group provides collective reinsurance pooling, industry representation on maritime legislation, and coordinates shared standards across member clubs.
• Mission to SeafarerscoreStrategic or Co-development PartnerCharity partnership supporting the welfare of seafarers worldwide. The Club has partnered with the Mission to Seafarers, supporting their programs to improve seafarer welfare and working conditions.
• ISWAN (International Seafarers' Welfare and Assistance Network)coreStrategic or Co-development PartnerOver 10-year partnership with ISWAN focused on seafarer welfare initiatives including psychological wellbeing programs, the Seafarers Happiness Index, and the ISWAN mobile app for seafarers.
• Svensk Assurans ABminorChannel Partner/ Reseller/ DistributorStrategic partnership for distribution of insurance products in Scandinavian markets.
• Fender Marine ASminorChannel Partner/ Reseller/ DistributorFender Marine AS offers P&I insurance products to small Scandinavian vessels through a delegated underwriting agreement with the Club.
• Yachtpod Risk PartnersminorChannel Partner/ Reseller/ DistributorPartnership for distribution of yacht insurance products through specialized yacht insurance intermediaries.
• WaterbornecoreTechnology or IntegrationAcquisition of Lloyd's Managing General Agent (MGA) Waterborne, expanding the Club's digital insurance distribution capabilities and product offerings through the Lloyd's market.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• UK P&I Club (Thomas Miller-managed): Major mutual P&I club managed by Thomas Miller, serving a wide range of vessel types including small and specialist tonnage that overlaps with the Shipowners' Club's niche. Same mutual model and International Group membership.
• West of England P&I Club: A London-based mutual P&I club serving shipowners and operators across diverse vessel segments. Highly comparable mutual structure, vessel-type specialization, and International Group membership make it a direct peer.
• Gard P&I (Assuranceforeningen Gard): One of the largest P&I clubs globally and a fellow International Group member. Gard insures ocean-going tonnage but competes with the Shipowners' Club in overlapping small and specialist vessel categories, making it a direct peer in mutual P&I.
• Britannia P&I Club: UK-based mutual P&I club offering cover to shipowners and charterers worldwide. Operates the same mutual model and International Group structure as the Shipowners' Club with overlapping vessel segment coverage.
• American Steamship Owners Mutual Protection and Indemnity Association (American Club): US-domiciled mutual P&I club for shipowners, also part of the International Group. Operates a similar mutual insurance model with comparable vessel-type coverage and broker-driven distribution.
• NorthStandard P&I Club: Formed from the merger of North of England and Standard Club, NorthStandard is a major mutual P&I club in the International Group. It offers similar P&I cover for commercial vessel operators and overlaps with the Shipowners' Club on small and mid-sized tonnage.
• London P&I Club: One of the original P&I mutuals, London P&I insures smaller and specialist tonnage through a broker network similar to the Shipowners' Club. Direct comparable on mutual structure, vessel type focus, and distribution model.
• Japan P&I Club: Major Asia-Pacific mutual P&I club with International Group membership, providing cover to Japanese and international shipowners. Comparable mutual structure and core P&I offering, with geographic overlap in the Asia-Pacific region.
• Through Transport Mutual Insurance Association (TT Club): Mutual insurance provider for the transport and logistics industry, covering operators, ports, and terminals. Operates under the same mutual insurance model as the Shipowners' Club, providing comparable specialty insurance in adjacent maritime segments.
• Steamship Mutual Underwriting Association: Mutual P&I club providing cover to shipowners and operators across multiple vessel segments. The mutual model and broker-driven distribution make it directly comparable to the Shipowners' Club.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCQWT1dyo3s3PBEXT29A9nfQ
• LinkedInlinkedin.com/company/the-shipowners-club
• Xx.com/shipownersclub

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Shipowners’ Club