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P&I Club anticipates "most expensive year" for International Group pool

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The London P&I Club’s result for the 2012/2013 financial year was a surplus across all classes of $9.4m, increasing the free reserve to $154m.

Describing its claims experience over the financial year as "mixed" the shipping mutual said: "In the retained layer there was an encouraging picture at the attritional level, involving claims up to

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