The Club's performance over the first six months of the year has been extremely strong. After six months of the year, total notified claims on the prudently reserved 2016 policy year are encouraging with few large claims within the Club or Pool retentions. Claims on prior policy years have also developed favourably. Full details of the Club's half year financials are available in the attached '2016 Autumn Review'.
Amid the continuing migrant crisis in the Mediterranean and the media attention this story continues to receive, it is often easy to forget that the problem of stowaways is still a very real risk for shipowners. The UK Club has recently handled several concurrent cases, with a similar modus operandi, concerning stowaways from West Africa boarding ballasted ships bound for South America, Brazil in particular. Amanda Hastings discusses.
