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

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