A Special General Meeting will be held on the 14th January 2008 in Bermuda. The purpose of the SGM is to consider amending the Club's Rules. The papers for this meeting are enclosed.
Club certificates of entry should be carried on board the entered ships to evidence Members' insurance. Club website "Ship Finder" service at www.ukpandi.com shows the list of entered ships. It is updated daily. Access to Members' certificates of entry and the Club website should be sufficient to satisfy enquiries on ships' insurance cover.
Supplementary premium estimates remain nil for all open years. Overall increase of 17.5 per cent in mutual premium required for 2008. 10 per cent general increase in mutual premium, plus any increase in cost of International Group reinsurance. Additional Pool surcharge of 12 per cent on 2007 premium net of fixed reinsurance costs. General increase for fixed premium rates is five per cent. Release call policy adjusted.
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.
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