Thursday, 22nd February 2007

Revised Individual Club Retention and Restructured General Excess of Loss Reinsurance contract effective noon 20 February 2007

With effect from noon on 20 February 2007, the individual club retention has been increased from US $6 million to US $ 7 million and the Group general excess of loss reinsurance contract has been restructured. The adjusted Lower Pool will provide cover for US $23million in excess of the individual club retention of US $7million and the Upper Pool (reinsured by Hydra) will provide cover for US $20 million excess US $30 million. The previous four layer General Excess reinsurance programme (3 x US$ 500 million with unlimited reinstatements and 1 x US $500 million with one reinstatement) is restructured into a three layer programme (2 x US$500 million and 1 x US$1000 million with unlimited reinstatements) on top of which the Group have arranged a Collective Overspill Protection layer (US$1,000 million with one reinstatement). The Hydra co-insurance (25%) in the first General Excess layer, Oil Pollution and Chartered Entries reinsurance structures remain unchanged save for adjustment of the individual club retention.(click header for reinsurance table).

Download Chart_of_Reinsurance.ppt
20 Jan 2020

New industry Guidelines for the Carriage of Seed Cake in Containers

New Guidelines for the Carriage of Seed Cake in Containers have been published jointly by the International Group of P&I Clubs and the CINS (the Cargo Incident Notification System). The document is available to download.
16 Jan 2020

2019 International Group Regional Seminar for P&I Correspondents

The International Group has held five international conferences for P&I Correspondents. Reflecting the growing importance of the Asia Pacific region to shipping and the global economy, the International Group decided to hold its first Regional Seminar for P&I Correspondents at the Raffles City Convention Centre in Singapore on 4 December 2019.