UK-based Britannia has been accepted as a member of the Maritime Anti-Corruption Network (MACN), becoming the first Protection and Indemnity (P&I) club to join the initiative.
Established in 2011 by a group of maritime companies committed to eradicating the industry of all forms of corruption, MACN has grown into a global business network of over 100 members.
By joining MACN, Britannia will be able to provide the network with input from an insurance sector perspective.
“We’re proud to be the first P&I club to have been accepted as a member of MACN,” Andrew Cutler, CEO of Britannia’s Managers Tindall Riley, said.
“Britannia is often called for support whenever a member resists unlawful demands and the liberty of the ship or crew is threatened. In this context, P&I clubs play a vital role when their members stand up to corrupt demands.”
“The effect of maritime corruption is felt across the industry. Britannia’s recognition of the problem, and their support for MACN, is an important step in our industry showing a united front against corrupt practices,” Cecilia Müller Torbrand, MACN Director, commented.
“P&I clubs can play a major role in MACN’s initiatives, including the anonymous reporting of incidents, root cause analysis, collective action, and local training,” John Sypnowich, Chief Legal and Compliance Officer, The CSL Group Inc., and Chair of MACN, added.