The Insurance Distribution Directive apply in the EU/EEA from 1st October 2018.
Circular 9/18: The cost of Hybrid
22/08/2018
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
Circular 5/18: Review of Open Policy Years
29/05/2018
Circular 4/18: Iran Sanctions
26/05/2018
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
Circular concerning the implementation of financial certification requirements in accordance with the amendments to the Maritime Labour Convention 2006 ("MLC").
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
Into force from 1
A Special General Meeting of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited (UKB) will be held on 18th January 2018 in Bermuda.
Circular 11/17: 2018 Policy Year
13/12/2017
Club Circular 11/17: Group reinsurance rates reduced for all vessel categories Individual Club retention to remain at $10 million The attachment point on the Group GXL reinsurance programme, will remain at US $100 Hydra has maintained its participation on the first layer Oil pollution cover limit remains at $1 billion for the 2018 policy year MLC cover will be renewed for a further 12 months from 20 February 2018 with an increased limit of US $200 million
Circular 10/17: Brexit Update
23/11/2017
Brexit: The UK P&I Club to set up a subsidiary in the Netherlands
Circular 8/17: General Meeting Reports
30/10/2017
Circular 8/17: Report of the AGM proceedings and resolutions adopted / New Directors elected to the Members' Committee.
REVIEW OF OPEN POLICY YEARS AND 2018 POLICY YEAR GENERAL INCREASE
Circular 7/17: Annual General Meeting
11/10/2017
This circular provides details of the AGM of the Association which will take place in Singapore at 9am on 30th October 2017 and the arrangements for voting by proxy.
International Convention for the Control and Management of Ships' Ballast Water and Sediments, 2004 and US Ballast Water Management (BWM) Regulations