THE STEAMSHIP MUTUAL UNDERWRITING ASS..., London

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updated on 30/07/2020

Opening Times

Hours may differ
TuesdayTu
08:45 – 17:30
WednesdayWe
08:45 – 17:30
ThursdayTh
08:45 – 17:30
FridayFr
08:45 – 17:30
SaturdaySaClosed
SundaySuClosed
MondayMo
08:45 – 17:30
Closed.
Opens in  13 h 56 min.
13 h 56 min

Official Data

Official Name
STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION LIMITED
Reg. office address
AQUATICAL HOUSE, 39 BELL LANE, E1 7LU, LONDON, Greater London England
Company Number
00105461
Jurisdiction
England/Wales
SIC Code
65120 - Non-life insurance
Date of Incorporation
16 Oct 1909
Company Type
PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)

Description

The Steamship Mutual Underwriting Association (Bermuda) Limited ("Steamship Bermuda") and The Steamship Mutual Underwriting Association Limited ("Steamship London") are mutual Protection and Indemnity Associations, otherwise known as P&I Clubs. Both Clubs are members of the International Group of P&I Clubs and participants in the International Group Pool.
Club cover is constantly changing and developing as and when new liabilities are placed on shipowners. If a new liability arises which is not covered, and for which it is felt cover should be given, International Group Clubs will often confer on necessary alterations to the Club Rules which define the available cover, particularly if such alterations affect the Group Pool and Excess Loss Reinsurance contracts.


Company description
Steamship London was established in London in 1909, and underwrote mutual P&I and Freight, Demurrage and Defence cover (FD&D) until 1974. As at 20th February 1975, the majority of its P&I Membership transferred to Steamship Bermuda. Steamship London ceased underwriting P&I (Class 1) and FD&D (Class 2) cover for a period with effect from 20th February 1977, but continued to handle the "run-off" of claims arising up to that date. Steamship London again underwrote Class 2 cover from 20th February 1985 until 20th February 1987 when the Club ceased all active underwriting. Thereafter Steamship London continued to run-off its own claims and to act as the London Representative of the Managers of the Bermuda Club until 20th February 2000 when the decision was taken to re-establish it as an active underwriter. Steamship London recommenced its original role as an active insurer of both Class 1 and Class 2 risks with effect from 20th February 2003.
The Club covers the Members' liability for seven major types of claim - cargo (e.g. claims for short delivery, loss or damage to cargo), crew (e.g. medical expenses, repatriation, compensation claims for death or injury), collision (to the extent such claims are not covered under hull policies), fixed and floating objects (e.g. damage to docks), third party injury and death claims (e.g. stevedores, passengers), oil pollution, and miscellaneous (which includes fines, wreck removal and various other types of claim not included in the other major categories). The cover also includes costs and expenses incurred in investigating and handling claims falling within the Rules.
Keywords:
Non-Life Insurance, Insurance Companies, Reinsurance, Medical Expenses, Insurance, Protection, Injury, Cargo, Defence, Claims, Damage, Crew, Repatriation, Deaths, Indemnity
Services
Compensation Claims
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