Chief executive James Bean, who assumed leadership in November 2024, stated: “These most recent results are the clearest sign yet that the fundamentals of our business are strong and that we are well placed to fully meet the needs of our members and assureds, both now and in the future. Our strategic plans are delivering growth in tonnage, acknowledging the association’s reputation for best-in-class personal service. Combined with a strengthening capital position, the London P&I Club is resuming its position as a leading independent mutual marine P&I insurer. We want to thank our members, assureds and brokers around the world for their continued support and confidence.”