Special GM Of The United Kinagdom Mutual Steam Ship Assurance Association (Bermuda) Limited - Proposed Amendments To Rules, Bye-Laws And Articles Of Association

At the Annual General Meeting held in Dubai on Monday 7th November, the proposed resolutions in the agenda were put to the Members and were adopted by the meeting.

At their November meetings in Dubai and Rotterdam, the Boards reviewed the financial position of the Club, including the performance of the open and closed policy years, and have set a general increase of 10 per cent on all mutual premium rates for the 2023 renewal. The decisions have been agreed by the Club and its subsidiaries, including UKNV which underwrites all EEA risks.

This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the IQAX eBL system.

The E-TITLE electronic trading system is now owned by E-Title Authority Pte Ltd, following the dissolution of the agreement between R3 and E-TITLE.

At their meeting in May 2022, the Directors closed the 2019 policy year. The deficit was transferred to the reserves.

At their meeting on 7th February 2022, the Directors reviewed the basis on which special war risks P&I cover could be made available to Members in accordance with the proviso to Rule 5E.