News

International Group reinsurance renewal update January 2015

14/01/2015

The arrangements for the renewal of the International Group General Excess of Loss reinsurance contract and the Hydra reinsurance programmes for 2015/16 have been finalized.

International Group Guidelines for Correspondents 2014

18/09/2014

The International Group Guidelines for Correspondents have been revised and may be accessed by clicking on the pdf link below.

IOPC Funds meetings – International Group attendance

05/05/2014

The International Group attended and took the lead industry role in the discussions at the IOPC Fund meetings on a range of matters, including the winding up of the 1971 Fund and the definition of “ship” debate.

International Labour Organisation agree amendments to the 2006 Maritime Labour Convention

28/04/2014

The International Group participated in the April meeting of the Maritime Labour Convention Special Tripartite Committee (STC) held at the International Labour Organisation.

International Group reinsurance renewal update January 2014

08/01/2014

The arrangements for the renewal of the International Group General Excess of Loss reinsurance contract and Hydra reinsurance programme for 2014/15 have been finalized.

International Group reinsurance cost allocation - explanation of guiding principles

08/01/2014

As part of the annual International Group reinsurance programme renewal process, the Group’s reinsurance Subcommittee and Strategy working group review the basis of allocation of reinsurance cost assessed by reference to vessel type. Download the pdf for guiding principles and considerations in the approach to this process.

IOPC Funds meetings - International Group attendance

16/10/2013

The Group attended and took the lead industry role in the discussions at the IOPC Fund meetings on a range of matters, including the winding up of the 1971 Fund, definition of “ship” and assessment of claims.

Comite Maritime International (CMI) 2013 working group meetings and Symposium

29/09/2013

The Irish Maritime Law Association hosted the CMI Symposium in Dublin from 29 September 2013 to 1 October 2013.

IMO DSC 18 - International Group attendance

26/09/2013

The Group attended and took the lead industry role at the IMO DSC 18 meeting in the discussions on a new iron ore fines Schedule to the IMSBC Code.

International Group Guidelines for Correspondents

09/09/2013

The International Group Guidelines for Correspondents have been reviewed and published by the Group.

Piracy FAQs - Revised August 2013

28/08/2013

The revised version of the "Piracy Frequently Asked Questions" has been issued and can be accessed by clicking on the link below.

IOPC Funds meetings - International Group attendance

25/04/2013

The International Group took a full and active role in the meetings of the 1992 and 1971 IOPC Funds governing bodies and the 6th and 7th intersessional working groups that were held in London from 22 to 24 April 2013.

IMO Legal Committee - International Group attendance

24/04/2013

The International Group attended and took a full and active role in the 100th session of the IMO Legal Committee that was held in London from 16 – 20 April.

Iran Sanctions – U.S. legislation

13/03/2013

In recent years the United States Administration has passed and implemented a wide range of sanctions legislation restricting trade activities with certain individuals, entities and States.

Amendments to the International Group Agreement - IGA 2013

06/03/2013

The International Group has decided to make some modifications to the International Group Agreement, in particular in relation to Release Calls, which will come into effect during 2013.

Group 2013/14 GXL and Collective Overspill Reinsurance programme and Hydra retrocession renewals

20/02/2013

The Group has now completed the placement for the 2013/14 policy year of the first three layers of the Group’s GXL reinsurance programme together with the Collective Overspill layer.

Amended European Union Measures against Iran - Council Regulation 1263/2012 dated 21 December 2012 - Updated Frequently Asked Questions 29 January 2013

29/01/2013

The European Union Foreign Affairs Council has amended Council Regulation 267/2012.

International Group reinsurance renewal statement January 2013

11/01/2013

The arrangements for the renewal of the International Group General Excess of Loss reinsurance contract and Hydra reinsurance programme for 2013/14 have been finalized.

Club retention increase to US$ 9 million from 20 February 2013

16/11/2012

Following consideration within the International Group Reinsurance Subcommittee, the Group has agreed that the individual club retention which was last increased from US$ 7 million to US$ 8 million with effect from the 2010 policy year will be increased to US$ 9 million with effect from 20 February 2013.

New International Group Chairman elected

13/11/2012

At the Annual General Meeting of the International Group of P and I Clubs managers held in London on 13 November 2012, the managers of the 13 member Clubs unanimously endorsed and welcomed the election of Grantley Berkeley, Chairman of Tindall Riley (Britannia) Ltd, to succeed Gard CEO Claes Isacson as Chairman of the International Group.

New European Union measures against Iran - Council Decision 2012/635 - Updated FAQs

01/11/2012

Further to the FAQs published in respect of Council Regulation 267/2012, which dealt with the prohibitions on the purchase, import and transport of Iranian oil/petroleum products and the insurance related to such activities, the EU Foreign Affairs Council has recently published new prohibitions contained in Council Decision 2012/635.

Comite Maritime International (CMI) 2012 Conference

19/10/2012

The 40th Conference of the Comite Maritime International was held in Beijing from 14th to 19 October 2012.

IOPC Funds meetings - International Group attendance

19/10/2012

The Group attended the meetings of the 1992 IOPC Funds governing bodies, 6th and 7th intersessional working groups that were held in London from 15 to 19 October 2012.

International Union of Marine Insurance (IUMI) 2012 Conference

20/09/2012

The Group is represented on the IUMI Legal Liability Committee and attended the annual IUMI conference held from 16-20 September 2012 in San Diego.

European Union Measures against Iran - Council Regulation 267/2012 dated 23 March 2012 - Frequently Asked Questions – updated 15 August 2012

15/08/2012

The Group has continued its engagement with the UK’s Competent Authorities seeking further clarification on the scope of application of the measures contained in Council Regulation 267/2012

European Commission closes investigation

01/08/2012

The European Commission has today announced that it has closed its review of the International Group's claims-sharing and reinsurance arrangements.

War and terrorism P&I cover review by Club boards

28/06/2012

A lengthy and detailed consultation has taken place over recent months with the Boards of all thirteen Clubs in the International Group on the question of extending the scope of the Group’s pooling and reinsurance arrangements to include cover for war and terrorism risks.

IMO Maritime Safety Committee - International Group attendance

25/05/2012

The Group attended the 90th session of the IMO Maritime Safety Committee (MSC) held at the IMO headquarters from 16 - 25 May 2012.

New European Union Measures against Iran - Council Regulation 267/2012 dated 23 March 2012 - Frequently Asked Questions – updated 25 May 2012

25/05/2012

On 23 January 2012 The European Union Foreign Affairs Council agreed to introduce further measures impacting on trade that would or could support the furtherance of the Government of Iran’s nuclear aspirations.

IOPC Funds meeting – International Group attendance

27/04/2012

The Group attended and took a full and active role in the meetings of the 1992 IOPC Fund governing bodies, 6th and 7th intersessional working groups that were held in London from 23 April – 27 April.