[2] The P&I Club provides protecting and indemnity (P&I), freight demurrage and defence (FD&D), war risks and ancillary insurance cover and loss prevention services to around 160 million GT of owned tonnage and 90 million GT of chartered tonnage, with around 3500 ships worldwide.
Through its guaranteed subsidiary Sunderland Marine, North is also an insurer of fishing vessels, small craft and aquaculture risks.
[citation needed] The North P&I Club was founded in 1860 and headquartered in Newcastle-upon-Tyne, UK with regional offices in Greece, China (Shanghai and Hong Kong), Japan, Singapore, Ireland and the United States.
North P&I Club lost business after World War II with the decline of the British merchant navy.
Together, North Group has offices and subsidiaries in Australia and New Zealand, Hong Kong and Shanghai, Greece, Ireland, Japan, Singapore, and United States, and has a S&P Global ‘A’ rating.
It has also developed a ‘First Call’ service for crew landed and requiring treatment in the US, and a post-repatriation medical scheme specifically for Filipino crewmembers.
The P&I Club provides freight, demurrage and defence insurance (FD&D) that protects members’ interests and assets by supporting them to recover any proper claims for uninsured losses and/or to defend and resist any actions improperly brought against them, that fall within the remit of the club's rules.
The Club also provides comprehensive cover for Hull and Machinery, plus associated lines of insurance from its London office.