The UK P&I Club ('the Club'), one of the leading providers of protection and indemnity insurance, agreed at its Board meeting on 19th November to a Mutual Premium Discount of 3 per cent on the total mutual call for the 2015 policy year.
2016 Autumn Statement
21/11/2016
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'.
Circular 18/16: General Meeting Reports
21/11/2016
Circular 18/16 is a Report of the AGM proceedings and resolutions adopted. New Directors elected to the Board and Proposed changes to the Club's governance structure was approved by the Members.
Mutual Premium Discount of 3 per cent on the total mutual premium for the 2015 policy year. Standard deductible will be $12,000 per event for the 2017 policy year. Any change in the cost of the International Group reinsurance will be passed on to the mutual Members. An explanation of the financial background to the Board's decisions can be found in the "Autumn Review 2016" which accompanies this Circular.
Bodily Injury Seminar 2016
07/10/2016
On Wednesday 5th October the New Jersey offices hosted the annual Bodily Injury Seminar. The event is now in its 12th year and attracts increasing numbers of attendees from both US and non-US based operators.
The UK P&I Club shares vital lessons from reallife shipping incidents to help avoid claims