News

06 March 2013

Amendments to the International Group Agreement - IGA 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.

20 February 2013

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

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.

11 January 2013

International Group reinsurance renewal statement January 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.

16 November 2012

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

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.

13 November 2012

New International Group Chairman elected

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.

01 November 2012

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

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.

19 October 2012

Comite Maritime International (CMI) 2012 Conference

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

19 October 2012

IOPC Funds meetings - International Group attendance

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.

15 August 2012

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

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