Circular 15/95: Limit On Cover - Special General Meeting: 13 December 1995
TO THE MEMBERS
LIMIT ON COVER
SPECIAL GENERAL MEETING: 13 DECEMBER 1995
At the above meeting the resolution to introduce the Rule amendments giving effect to the "20 per cent" proposal was passed by a large majority.
Members were recently sent a questionnaire asking if, irrespective of whether they voted for or against the above resolution, they support the Board of Directors' longer term strategy of seeking to achieve a limit on cover at a realistically collectable level.
Responses received to date indicate overwhelming support. The Board will be considering the position at its next meeting.
THOS R. MILLER & SON (BERMUDA)