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.
The International Group Guidelines for Correspondents have been revised and may be accessed by clicking on the pdf link below.
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.
The International Group participated in the April meeting of the Maritime Labour Convention Special Tripartite Committee (STC) held at the International Labour Organisation.
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.
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.
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.
The Irish Maritime Law Association hosted the CMI Symposium in Dublin from 29 September 2013 to 1 October 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.
The International Group Guidelines for Correspondents have been reviewed and published by the Group.
The revised version of the "Piracy Frequently Asked Questions" has been issued and can be accessed by clicking on the link below.
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.
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.
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.
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.
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.
The European Union Foreign Affairs Council has amended Council Regulation 267/2012.
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.
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.
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.
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.
The 40th Conference of the Comite Maritime International was held in Beijing from 14th to 19 October 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.
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.
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
The European Commission has today announced that it has closed its review of the International Group's claims-sharing and reinsurance arrangements.
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.
The Group attended the 90th session of the IMO Maritime Safety Committee (MSC) held at the IMO headquarters from 16 - 25 May 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.
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.