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The 13 mutuals of the International Group of P&I Clubs provide third-party liability cover to roughly 90 % of world ocean-going tonnage. They handle wage / abandonment / repatriation claims under MLC 2006 financial-security certificates and step in when an owner cannot.
The International Group of P&I Clubs (IG) is a mutual-of-mutuals: 13 individual P&I mutuals that collectively share large-claim exposure through the Pool. Each Club retains individual claims up to US$10 million per event. Between $10 million and $100 million, the Pool spreads the loss across all 13 Clubs proportionately. Above $100 million and up to $3.1 billion, the Group Excess Loss (GXL) reinsurance contract responds; the GXL is placed with a syndicate of leading global reinsurers. Above the GXL layer, the Overspill Protection Reinsurance Contract steps in for catastrophic losses.
Historical loss ratios: the Group has ~110-year continuous history + is the bedrock of merchant shipping liability insurance. Individual Clubs occasionally exit or merge (2023 formation of NorthStandard from the North of England + Standard Club merger); the Group itself has remained stable.
Under MLC 2006 Standard A2.5.2 (repatriation) + A4.2.1 (four months' unpaid wages + repatriation on abandonment), every vessel's DMLC Part II names a financial-security provider. IG Club members cover the vast majority of these certificates. When a seafarer is abandoned, the Club named on the DMLC:
See our MLC financial-security provider directory for the 24/7 emergency-contact numbers.