Circular 8/07 (May 2007) Policy Year Review and Financial Highlights at 20th February 2007
30/04/2007
Policy year review and financial highlights at 20th February 2007. Financial year surplus of $46 million. Investment returns above target at 9 per cent. Free reserves up 20 per cent to $263 million. Additional publication detailing the Club's financial highlights is now available in hard copy and on the Club website.
Club cover for passengers and seamen is limited to $3,000 million, with a sub-limit on passenger claims of $2,000 million. Decision to buy collective overspill reinsurance protection on behalf of each club in the Group for all categories of claim up to $1,000 million in excess of the limit of the Group's reinsurance programme of $2,050 million. Club retention raised to $7 million. No separate overspill protection purchased by the Club for 2007. Oil pollution claims remain subject to a special limit under Rule 5B(ii) of $1,000 million for owned ships and a combined single limit of $350 million for chartered entries. War Risks P&I and US voyage surcharge premiums reported separately in Club Circulars 3/07 & 4/07
Circular 12/06: Annual General Meeting
24/10/2006
Circular 11/06: Annual General Meeting
23/10/2006
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Circular 2/06: Club Condition Surveys
14/02/2006
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