International Group Annual Review 2016-17
The Group Secretariat which manages the day-to-day co-ordination of internal administration on Group matters, external engagement and representation on behalf of the Group P&I clubs has just published its annual report - a pdf copy is available
The International Group maintains its own website where it publishes documents, bulletins and commentary on its activities.
The International Group of P&I Clubs exists to arrange collective insurance and reinsurance for P&I Clubs, to represent the views of shipowners and charterers who belong to those Clubs on matters of concern to the shipping industry and to provide a forum for the exchange of information.
"One of the key objectives and strengths of the mutual and Group system is the development
and delivery of solutions for shipowners' liability insurance needs. This objective was once
again tested in 2016/17, and once again the Group clubs successfully stepped up to the
plate to deliver a solution for shipowners."
Hugo Wynn-Williams (International Group Chairman)
2016 was another year of significant activity for the Group on a wide range of issues impacting on the Group and its member clubs, both internally and externally. Increasing regulation of clubs’ operations and activities, in particular in relation to solvency and governance, on the one hand, and external regulation of shipowners’ liabilities and insurance/financial security requirements on the other, continue to test and challenge the system and to occupy an increasing amount of time for the Group and club managers. Looking ahead, this regulatory burden is likely to increase rather than decrease and will entail both additional cost and additional human resources.
