Member Survey Update
All our Members and brokers were emailed this week inviting them to participate in the Member Survey this year. The positive response we have already received to that invitation suggests the survey will draw on the full breadth of membership and help us identify those areas going well and those requiring improvement.
If you have not received a personal email from either Hugo Wynn-Williams or Christopher Brown inviting you to take part, please email us email@example.com
. We can then ensure your email address is registered on the distribution list for the online questionnaires which are being despatched to all Members and brokers in the first week of April.
A report of the findings of this survey will be published to Members and their brokers in early June.
You may also be interested in:
Review of the Year 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
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  05 details of this summer’s fishing ban along China’s coastal areas.
Circular 03/22: General Trade Licence dated 17 March 2022 – Reporting of vessel calls to Russia and transiting Russian territorial waters
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.