Refugees at Sea- New webpage
Rescuing migrants at sea is particularly topical given the on-going situation in the Mediterranean with the end of Mare Nostrum and the start of Triton. The number of migrants and refugees requiring rescue at sea has continued to rise in 2015, this has led to a number of enquiries from Members on the issue.
Because of this, the Club now has a 'Refugees at Sea' page, dedicated to providing the latest updates on the situation.
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Review of the Year 2022
27/05/2022
The Club’s financial position remains strong with free reserves of $488 million as at 20 February 2022. The Club continues to comfortably meet all its regulatory capital requirements and remains in the highest AAA band of Standard & Poor’s capital model.
Circular 04/22: Review of Open Policy Years
27/05/2022
At their meeting in May 2022, the Directors closed the 2019 policy year. The deficit was transferred to the reserves.
The Club’s correspondent in China, Huatai Marine, provide in their latest Circular No: PNI [2022] 05 details of this summer’s fishing ban along China’s coastal areas.
On 17 March 2022 the UK Government published a General Trade Licence in part to clarify earlier amendments to the UK Russia (Sanctions) (EU Exit) Regulations (the “Regulation”). Specifically, the licence addresses the issue as to whether it is lawful under the Regulation for insurers and reinsurers domiciled or operating from the United Kingdom to provide insurance for vessels calling at Russian ports or transiting Russian territorial waters.