At their meeting on 28th January 2019, the Directors reviewed the basis on which special war risks P&I cover could be made available to Members in accordance with the proviso to Rule 5E, and determined that this cover should be made available to Members for the 2019 policy year in accordance with the terms of the attached Directors’ Resolution of 28th January 2019.

Group reinsurance rates reduced for all vessel categories

This circular informs Members of the significant risk of evading the comprehensive international sanctions regime against the Democratic People’s Republic of Korea.

A Special General Meeting of ‘UK(E)’ – The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited – will be held on 17th January 2019 in London.

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.