Extremely strong capitalization. Good diversification across marine lines. Largest member of the International Group (IG) of P&I Clubs, which buttresses Gard's competitive strength. Concentration in the volatile marine sector. Gard is the largest and best-diversified of the 13 protection&indemnity clubs of the IG. Financially, Gard enjoys an extremely strong risk-based capital adequacy and a wide capital base. Its recent profit record has been strong and stable. In spite of the relatively volatile nature of the protection and indemnity sector, Gard derives financial flexibility from its ability to make unbudgeted supplementary calls. With strong ERM backing, Gard is unlikely to experience losses outside its risk tolerance and is well equipped to cater to the needs of managing client risks
