UK P&I Club and TT Club announce merger discussions

London, 25 November 2025

The UK P&I Club and the TT Club have announced that they are currently engaged in discussions regarding a potential merger between the two mutual insurers. 

The Clubs have worked closely together for many years through their common manager, Thomas Miller.  At their meetings in November, the Boards of both Clubs agreed to explore the possibility of cementing this existing relationship through a potential merger. The merged Club would have a unique breadth of expertise across the maritime and transport industry and bring together complementary strengths to enable an enhanced and integrated service to Members whilst meeting the evolving needs of the industry.

The strategic visions of the UK P&I and TT Clubs are closely aligned, in each case they are focussed on providing exceptional service to Members, delivering growth, efficiency and improving financial stability. Both Clubs are highly respected in their own markets and combining the two accelerates progress towards their shared strategic goals. The combined Club will be uniquely positioned to support its Members, and the broader maritime and transport industries, in addressing the challenges and opportunities of the future. 

Discussions remain at an early stage and will continue over the coming months.

Jan Valkier, Chairman, UK P&I Club, said

“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, 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 offering will deliver greater value to our respective Members. We are still in the early stages of our discussions and whilst no final decision has yet been made we are confident that this opportunity creates exciting prospects for both Clubs.” 

Combining our capabilities while preserving our successful independent brands and service offering will deliver greater value to our respective Members

-ENDS-

Notes to editors

About UK P&I Club

The UK P&I Club is a leading provider of P&I insurance and other services to the international shipping community. Established in 1869 the UK P&I Club insures over 270 million tonnes of owned and chartered shipping through its international offices and claims network. ‘A – /Stable’ rated by Standard & Poor’s, the UK P&I Club is renowned for its specialist skills and expertise in underwriting, claims handling and loss prevention services.

The UK P&I Club is managed by Thomas Miller, an independent and international insurance, professional and investment services provider.www.ukpandi.com

About TT Club

TT Club is the established market-leading independent provider of mutual insurance and related risk management services to the international transport and logistics industry. Its mission is to make the industry safer, more secure and more sustainable. Established in 1968, TT Club currently services more than 1400 Members – container owners, operators, ports, terminals and logistics companies, working across maritime, road, rail and air. The Club is renowned for its high-quality service, in-depth industry knowledge and enduring Member loyalty. Its average annual customer retention rate is consistently over 95%, with some Members having chosen to insure with the Club for over 50 years.   

Media contacts:    

UK P&I Club
Sam Deacon,
BLUE Communications,
Sam.Deacon@blue-comms.com