London, 25 November 2025: The UK P&I Club and the TT Club have announced that they are engaged in discussions regarding a potential merger between the two mutual insurers.
Both Clubs have collaborated closely for many years through their common manager, Thomas Miller. At meetings in November, the Boards of both Clubs agreed to explore the possibility of formalizing this long-standing relationship through a merger. If completed, the combined Club would bring together complementary expertise across the maritime and transport sectors, enabling an enhanced and integrated service to Members while addressing the evolving needs of the industry.
The strategic visions of the UK P&I and TT Clubs are closely aligned, with both focused on providing exceptional service to Members, delivering growth and efficiency, and improving financial stability. Both Clubs are highly respected in their own markets, and a merger would accelerate progress towards shared strategic goals. The combined entity would be uniquely positioned to support its Members and the wider maritime and transport industries in navigating future challenges and opportunities.
Discussions are currently at an early stage and are expected to continue over the coming months.
Jan Valkier, Chairman of the UK P&I Club, commented:
“Exploring a merger with the TT Club reflects our strategic focus on achieving greater scale, diversification and sustainable growth. This merger would create a market-leading maritime and transport insurance mutual, with an exceptional service offering underpinned by enhanced financial strength. As part of our considerations, we remain committed to our membership of the International Group, which is a cornerstone of our identity.”
Morten Engelstoft, Chairman of the TT Club, said:
“The TT Club and UK P&I Club already have a strong relationship and operational synergies. Combining our capabilities while preserving our successful independent brands and service offerings will deliver greater value to our respective Members. While no final decision has yet been made, we are confident that this opportunity creates exciting prospects for both Clubs.”
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