P&I market opens up in India on proposals for compulsory cover

IFFCO Tokio’s gamble on entering the P&I market last year looks set to pay off • Latin America 2006 first half results

IFFCO Tokio General Insurance Company will soon offer short-term Protection and Indemnity (P&I) cover for ships while they are berthed at Indian ports. With the proposed rule for ships to have compulsory P&I insurance while they are at an Indian port IFFCO Tokio is braced to make the most of being the only domestic company to offer such cover.