UK Club receptions held in Singapore and Hong Kong
The UK Club hosted two receptions in Singapore and Hong Kong at the end of November. Both events were well attended by guests from the local shipping community. The Club Managers were represented by the London underwriting department together with the local office staff . After a short introduction from Andrew Jones as the new Regional Director for Asia Pacific, the highlight was a presentation by Thomas Miller P&I Chairman and Chief Executive Hugo Wynn-Williams on the current dynamics affecting the finances of the Club and the reasons behind the decision for the 10% General Increase for 2014.
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The Club’s financial position remains strong with free reserves of $507 million as at 20 February 2021.