
To be at the heart of
the transport and logistics industry.
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insurance broker
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The TT Club is the international transport and logistics industry's leading provider of insurance and related risk management services.
Established in 1968 as a mutual association, the TT Club specializes in the insurance of liabilities, equipment and property for multi-modal operators. Customers range from some of the world's largest shipping lines, busiest ports, biggest freight forwarders and cargo handling terminals, to purely domestic or regional operators. With so many different categories of customers around the world, the TT Club has learned to work closely with brokers to tailor insurance packages that meet individual needs.
Having developed in step with the multi-modal industry, the TT Club is recognized as an independent industry forum, liaising with national and international trade and government associations including, FIATA, IAPH, AAPA and ICHCA.
Since its inception, the TT Club has grown steadily in terms of premium income, at an average rate of 10% per annum for the last 20 years, rising from net premiums of US$14.5m in 1980 to US$205m in 2007. Customer loyalty has been an essential factor in this growth. Indeed, 92% of Members stay with the TT Club at renewal each year.
TT Club has:
- Offices in 20 locations
- 800+ Members in 150 countries
TT Club insures:
- 70% of the world's container fleet
- Over 2000 port/terminal and transport and logistics operations
As a mutual association, the TT Club is owned by its policyholders (Members) and is non-profit making.
This means not only that the Members decide how the TT Club is run, but also that all the funds of the TT Club are used for the benefit of the Members. Income is derived from premiums, service fees and earnings on invested funds. Outgoings are limited to claims payments, administrative expenses and reinsurance costs.
TT Club customers also benefit from:
- Insurance products packaged for specific requirements.
- Underwriting expertise in key locations providing a pro-active broker interface.
- A claims philosophy based upon the best result for the policyholder.
- Acknowledged expertise in risk management and loss prevention.
- A personalized service including the allocation of a claims executive and an underwriter to each customer.
