Steamship Mutual (managed by Steamship Insurance Management Services Limited) is one of the leargest and leading provider of Protection & Indemnity (P&I) insurance. Steamship Mutual offers a comprehensive range of P&I products and ancillary covers. It is a member of the International Group of P&I Clubs and participates in the International Group Pool.


Steamship Mutual ‘s aim is to provide a comprehensive high quality P&I service backed by sound underwriting and strong reserves. The Managers are determined to ensure that these objectives continue to be met.


Steamship Mutual Members remain the centre of our business and the company strives to offer Members the best advice and support wherever they are around the world. As recently as August 2016, Steamship Mutual was upgraded to a Standard and Poor interactive financial strength rating of A with a stable outlook .


Steamship Mutual’s 2016 Management Highlights includes a summary of financial results which showed:

  • Free reserves increased by US$64 million to US$440 million.
  • The Financial year combined ratio was 76% with the three year rolling average at 83%.
  • Investment losses were controlled by a conservative asset allocation.
  • Claims were close to the original forecast but large claims were more costly than in the previous year.


Steamship Mutual has offices in London, Piraeus, Hong Kong, Rio de Janerio and Bermuda. The Club maintains an international network of correspondents in the event of assistance being required by Members or their agents.

For more information regarding the cover, services and expertise on offer at Steamship Mutual, please contact us on +44 (20) 7247 5490 or visit

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