Circular 15/18: General meeting reports: Report of the AGM proceedings and resolutions adopted. New Directors elected to the Members’ Committee.

Circular 14/18: Review of open policy years and 2019 General Increase: Standard deductible remains unchanged at US$12,000 per event for the 2019 policy year. Any change in the cost of the International Group reinsurance will be passed on to the mutual Members. An explanation of the financial background to the Board’s decisions can be found in the “Autumn Statement 2018” which accompanies this Circular.

This circular provides details of the AGM of the Association which will take place in Tokyo at 9am on 29th October 2018 and the arrangements for voting by proxy

The Insurance Distribution Directive apply in the EU/EEA from 1st October 2018.

The Club has completed the redemption of its $100 million hybrid bond.

The International Group has engaged extensively with the (OFAC) in the U.S. and its European counterparts to explain some of the practical effects arising from the reactivation of U.S. secondary sanctions

This circular provides general guidance to Members on the EU General Data Protection Regulation as relevant to the UK Club and its Members

The decision by President Trump announced on 8th May, 2018 to cease the US participation in the JCPOA and to begin re-imposing US nuclear-related sanctions which were lifted to implement the JCPOA, is likely to have significant ramifications for maritime trade with Iran and the insurance of such trade.

This circular provides general guidance to Members on the EU General Data Protection Regulation as relevant to the UK Club and its Members

As Members will be aware from the Club’s Circulars 13/16 July 2016 and 16/16 October 2016 concerning the implementation of financial certification requirements in accordance with the amendments to the Maritime Labour Convention 2006 (“MLC”), the Boards of all International Group Clubs agreed that Clubs would provide the necessary certification.

Limit on Special War Risks P&I cover for 2018 policy year remains US$500 million. Bio-Chem" exclusion remains, and a supplementary cover for "Bio-Chem" risks in respect of crew and legal costs limited at US$30 million continues to be available. A portion of these covers is provided in accordance with the requirements of the US Terrorism Risk Insurance Act of 2002 (Act), as amended by the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2015

Into force from 1

A Special General Meeting of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited (UKB) will be held on 18th January 2018 in Bermuda.

Club Circular 11/17: Group reinsurance rates reduced for all vessel categories Individual Club retention to remain at $10 million The attachment point on the Group GXL reinsurance programme, will remain at US $100 Hydra has maintained its participation on the first layer Oil pollution cover limit remains at $1 billion for the 2018 policy year MLC cover will be renewed for a further 12 months from 20 February 2018 with an increased limit of US $200 million

Brexit: The UK P&I Club to set up a subsidiary in the Netherlands