Thursday, July 11, 2013

Shipping Lines, Freight Forwarders and Multi Modal Outfits Can Now Count on Top Insurance in India

TT Club Appoints Subcontinental Network Partner
Shipping News Feature

INDIA – In a move designed to further enhance its service to its members, insurance and logistics risk management specialists TT Club, has appointed Pandi Correspondents (Mumbai) Pvt Limited, which has offices in Chennai, Kolkata and Goa in addition to its head office, as a network partner in India. TT Club specialises in the insurance of liabilities and equipment for multi modal operators and counts some of the world’s largest shipping lines, busiest ports, biggest freight forwarders and cargo handling terminals amongst its clientele. Pandi will be integrated into TT Club's claims IT system and has been delegated claims handling authority. Phillip Emmanuel, leader of the TT Club's operations in Asia-Pacific said:

"One of TT Club's strongest attributes is its global claims service. As a mutual we are dedicated to handling our members' claims in the most comprehensive and effective manner possible. Our Members' operations touch every part of the world and as such our service must be truly international. The elevation of Pandi to the status of a network partner will significantly enhance this service in the crucial Indian market.

"Trade to and from India, and its associated complexities, will inevitably increase. Therefore, we have been looking for ways to serve our membership and the Indian market better.”

TT Club has long recognised the vast opportunities in India. The continuing emergence of the Indian economy, the growth of its population, the rise in imports and exports, and the significant amount of infrastructure investment, all indicate the country's significance to the Club's future market development.

Pandi Correspondents have handled local claims for the Club in India since 1994, so the partnership between the two organisations and the experience accrued by its staff is considerable. The success of this arrangement has been such that Pandi's new status as network partner will be of great advantage to the Club and its members.