Wednesday, 18th January 2017

International Group reinsurance 2017/18 placement – termination of “fall-back” cover

Placement of the International Group General Excess of Loss (GXL) reinsurance and Collective Overspill contracts and the Hydra reinsurance programme for 2017 have been completed. Due to the continuing application of US primary sanctions to the current participating US person/domiciled reinsurers, their lines on the contracts will not be renewed for 2017/18 and have been substituted with alternative capacity. As a result, the risk of a shortfall in US person/domiciled reinsurer contributions due to the current US primary sanctions has been removed, and there will be no need to renew the “fall-back” reinsurance programme beyond 20th February 2017.

18 Jun 2020

Updated Industry Guidelines on the Carriage of Seed Cake in Containers

The carriage of Seed Cake cargoes continues to cause confusion and the potential for mis-declaration remains high - with the consequent risk of fire on board container ships. Seed Cake is the term used for pulp, cake, pellets, expellers or other cargo where oil has been removed from oil-bearing seeds, cereals or commodities with similar properties, including all such types of seed meal. It is principally used as an ingredient in animal feeds.
22 May 2020

International Group clubs respond to the US Government sanctions guidance for maritime and related industries.

On 14 May 2020 the US issued a Global Maritime Advisory (“Guidance”) aimed at a range of industry sectors including marine insurers such as P&I clubs, shipowners and charterers.