EuropeFinance and Insurance

Standard Club looks to take over Strike Club

The Standard P&I Club is looking at acquiring sister company Strike Club, a provider of delay insurance to shipowners.

The transaction is expected to take place on February 20 next year pending regulatory approval.

Both the Standard Club and the Strike Club are managed by companies within the Charles Taylor group.

“The Strike Club has suffered underwriting losses in some recent years, but the club has a strategy to restructure and improve underwriting, and this will be more easily achieved within The Standard Club,” Jeremy Grose, chief executive of Charles Taylor, wrote in a circular to members.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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