Wednesday, 16th September 2015
New Reinsurance subcommittee chairman appointed
Hugo Wynn Williams, Chairman of Thomas Miller, managers of the UK Club, the longest serving current member of the Group Reinsurance subcommittee and chairman of the subcommittee since 2009, has been succeeded as Reinsurance subcommittee chairman by Paul Jennings, Joint Managing Director, North P&I Group. At its recent meeting the subcommittee expressed its considerable thanks to the outgoing chairman for his valuable input and leadership of the committee over many years, and welcomed the incoming chairman, also a longstanding and experienced member of the subcommittee and key working groups.
As part of its annual review of the Group reinsurance programme structure, the subcommittee approved an increase in the individual club retention from US$ 9 million to US$ 10 million with effect from 20 February 2016. The retention was last increased from US$ 8 million to US$ 9 million in 2013."