Steamship Insurance Management Services Limited

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The Steamship Mutual Underwriting Association (Bermuda) Limited is a mutual Protection and Indemnity Association, otherwise known as a P&I Club. The function of the Club is to provide cover to shipowners (and charterers) for legal liabilities they may incur in connection with the operation of vessels they enter in the Club.

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. Steamship London was established in London in 1909, and underwrote mutual P&I and Defence cover until 1974. As at 20th February 1975, the majority of its P&I Membership transferred to Steamship Bermuda and the Association ceased underwriting P&I cover completely with effect from 20th February 1976. Thereafter it has continued to handle the "run-off" of P&I claims arising up until that date. Steamship London continued actively to underwrite Defence (Class 2) cover subsequently, but this activity finally ceased with effect from 20th February 1987 and the Membership transferred to Steamship Bermuda thereafter. With effect from 20th February 2000, however, Steamship London has reverted to its original role as an active insurer. The Bye Laws of Steamship Bermuda have been amended to provide that all Members of Steamship London should be de facto Members of Steamship Bermuda.

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