Press Release:UK P&I Club and Allianz Global Corporate & Specialty publish new guidance on heavy-lift and project cargo
The UK P&I Club ("the Club") has joined forces with leading marine cargo insurer Allianz Global Corporate & Specialty (AGCS) to publish new practical guidance for shipowners and operators on how to carry heavy-lift and project cargo safely at sea.
Press Release: UK P&I Club launches self-assessment scheme for Members
The UK P&I Club Board has agreed at its meeting on 27th October 2014 that the general increase for the 2015 renewal will be 6.5%. The premium rating increase is in addition to any change in the cost of the International Group reinsurance premium for 2015 for the mutual Members, which will be determined next January.
Press Release: UK P&I CLUB ANNOUNCES POSITIVE FINANCIAL RESULTS AND UPGRADE TO S&P 'A (STABLE)' RATING
UK Club announces its financial results for the year ended 20th February 2014 and restoration by ratings agency Standard and Poor's of the Club's full 'A (stable)' rating.
The UK P&I Club's Pre-Employment Medical Examination Programme, the world's leading scheme for assessing the fitness of prospective seafarers, has just completed its 300,000th examination.
The UK P&I Club has revised and reissued the four booklets in its 'Book it Right and Pack it Tight' series. First produced eight years ago, these practical straightforward, well-illustrated, cross-referenced guides have been updated to embrace changes brought in by amendments to the Code.
When bulk cargoes shift, liquefy, catch fire or explode as a consequence of poor loading procedures, the consequences can be massive.
London - The UK P&I Club, one of the largest and oldest providers of mutual liability insurance to ship owners, today announces its financial results for the year ended 20 February 2013.
Shipowners commit to UK Club in tough market
The UK P&I Club (the UK Club) announces that it has attracted over three million gross tons of new tonnage, following the closure of the renewal season on Wednesday, 20 February, 2013. At conclusion of renewal the Club's tonnage stands at around 120 million gross tons. This represents net growth over the past year of 7.6 million tons. As importantly, the Club maintained its policy on sound underwriting declining an equivalent volume of tonnage during the renewal on factors such as quality of risk.
The UK Club is providing a package of the International Shipping Federation's (ISF) guide publication "Guidelines on the Application of the ILO Maritime Labour Conventions (2nd edition)" and the Lloyds Register/UK Club "ILO MLC pocket checklist" free to all its members. Both publications focus on helping employers ensure compliance with the ILO Maritime Labour Convention (MLC), which enters into force in six months' time on 13 August.
The UK P&I Club (the UK Club), one of the oldest shipping protection and indemnity insurance mutuals, is pleased to announce that ratings agency Standard and Poor's has extended its 'A - ' rating to The United Kingdom Mutual Steamship Assurance Association (Europe) Ltd. (the Europe Club).
The UK Club has launched its "iPANDI" iPad based app to provide up to date underwriting information for members and their insurance brokers, even when on the move. The iPANDI app downloads underwriting data via the Club's IT systems and presents it conveniently in both graphic and table formats. The data can be viewed off line, for example on planes or away from the office.
The UK P&I Club (the UK Club), one of the oldest shipping protection and indemnity insurance mutuals, has welcomed an announcement by the ratings agency Standard and Poor's upgrading the UK Club's outlook from "Stable" to "Positive." In its review, Standard and Poor's said: "The positive outlook reflects our expectation that the UK Club's stronger and more stable underwriting performance of 2011 and 2012 will continue through 2013-2015."
The UK P&I Club's latest Risk Focus bulletin highlights the issue of sudden loss of power, a problem highlighted by incidents during and after the switching to lower sulphur fuels that are now mandated in certain coastal regions. In the bulletin, the Club highlights causes of sudden loss of power and proposes mitigating procedures that ships' crew should adopt.
The UK P&I Club (the UK Club), one of the oldest shipping protection and indemnity insurance mutuals, formally announces a reorganisation of its structure to establish the UK Europe as the sole provider of direct insurance business to UK Club Members. The new structure will take effect from February 2013 and does not impact members in the 2012 policy year.
Slips, trips and falls represent nearly one in three of the large personal injury claims submitted to the UK P&I Club. New Risk Focus publication aims to reduce the incidence of such accidents Following the launch of its Bow Tie loss prevention initiative in January 2012, the UK P&I Club is now embarking on the publication of a series of 'Risk Focus' booklets which highlight specific areas of risk. This month (April) sees the publication of 'Risk Focus: Slips, trips and falls'.
The UK P&I Club has announced that it is reorganising its structure to establish UK Europe as the sole provider of direct insurance to UK Club members. By reducing the number of separately regulated insurers from two to one, the UK Club aims to streamline governance, reduce compliance costs and more efficiently manage the Club's solvency capital requirements whilst meeting the impending Solvency 2 regulations for insurers in the European Union.
The Club's approach offers strategic guidance to owners and operators on tackling the root cause of expensive claims. Using quantified real-life case examples owners/operators are able to invest proportionately in risk management and loss prevention activity. The detailed reports and reviews enable information to be shared across the fleet and operational departments enhancing credibility, co-operation and effectiveness. The result will be a consistent and inclusive approach that encourages sustained and measured loss prevention activity over the longer term.
A new publication from the UK P&I Club "How to prevent tanker cargo shortage claims" focuses on one of the major sources of cargo-related claims in the tanker sector.
A new publication from the UK P&I Club focuses on one of the major sources of cargo-related claims in the tanker sector: cargo contamination. The Club stresses that loading and discharging of a cargo is a joint operation between the crew of the tanker and the terminal staff.