On 20 February 2023 The North of England Protecting and Indemnity Association Limited (North) and The Standard Club will merge to form NorthStandard, a new single legal group with oversight of the marine insurance activities of both organisations.
The merger will make it possible for all the companies within the NorthStandard group to provide even more benefits for members through increased scale, enhanced financial security, and service expansion.
As part of creating this new entity, North will become the group’s parent company and change its registered corporate name to NorthStandard Limited. There will be no change to the underlying insurance business.
Apart from North, all other businesses within the NorthStandard group will continue to use their existing names and provide their current services.
In short: in England, The North of England Protecting and Indemnity Association Limited will be renamed NorthStandard Limited but the company registered as North of England P&I in Ireland will not change its name; meanwhile The Standard Club UK Ltd, The Standard Club Asia Ltd and The Standard Club Ireland will not change their names.
The merger of North and The Standard Club will have no impact on any cover already in place.
All existing insurances, certificates, blue cards, guarantees, undertakings, powers of attorney and other insurance or legal documentation bound or issued by insurance underwriting entities in either North or The Standard Club prior to 20 February 2023 will continue uninterrupted in accordance with their terms.
For the avoidance of doubt, the change of name of The North of England Protecting and Indemnity Association Limited will not affect the validity or enforceability of documents issued under that name.
From 20 February next year onwards, NorthStandard will continue to provide timely guidance, continuous support and efficient claims handling.
The merger of North P&I Club and The Standard Club is expected to yield significant benefits for members through scale, enhanced financial security, strategic investment and service expansion. For more information on NorthStandard, please visit www.nepia.com/topics/north-and-the-standard-club/
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