2017 Reinsurance rates announced
14/12/2016
The International Group today announced that it had concluded terms for 2017 in respect of the excess of loss reinsurance.
Circular 20/16: 2017 POLICY YEAR
13/12/2016
For the 2017 policy year, the Club retention will remain $10 million. The Group Pooling retention will remain unchanged at $80 million and continues to be insured by the Group captive, Hydra, and pre-funded by a premium contribution from each club. This premium is included in the reinsurance rates.
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.
The UK P&I Club Directors' Report and Financial Statements for the year ended 20th February 2023 are now available to download.