EuropeFinance and Insurance
Standard and North P&I clubs enter merger talks
Consolidation is taking place across the shipping spectrum with news coming through today of a very significant insurance merger.
P&I clubs Standard and North are in merger talks.
Standard’s Jeremy Grose and North’s Paul Jennings (pictured) are set to continue as joint CEOs if the merger is confirmed, likely creating the largest P&I club in the world in terms of tonnage held.
It would be jolly mean of me to say anything along the lines of “…always a bridesmaid, never a bride…”