20 September 2010

European Commission investigation – recent press coverage.

Following the announcement by the European Commission that it has opened an investigation into certain aspects of the International Group’s pooling and reinsurance arrangements, there have been several press comments and articles which infer a lack of activity and engagement on the part of the Group with the competition regulators in Brussels.

26 August 2010

European Commission investigation announced on 26 August 2010

The European Commission has today announced that following the expiry of the second 10 year exemption for the International Group Agreement, it is carrying out a review and making inquiries into certain aspects of the Group's claims- sharing and reinsurance arrangements.

17 June 2010

US Oil Pollution Act 1990 – proposed amendment following “Deepwater Horizon” incident in the US Gulf

On 12 May, as a consequence of the events arising out of the explosion which occurred on the “Deepwater Horizon” oil drilling rig in the Gulf of Mexico on 20 April 2010, President Obama made a formal request to Congress to amend, inter alia, the provisions of OPA 90 relating to shipowner limits of liability, specifically to introduce unlimited liability in respect of removal costs and a new limit (unspecified) for damages claims and a new limit (unspecified) for Certificates of Financial Responsibility (Cofrs).

01 April 2010

IMO HNS Diplomatic Conference - IG attendance

The IMO diplomatic conference to consider amendments to the International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea, 1996 (HNSC) was held in London from 26 - 30 April 2010.

18 January 2010

International Group General Excess Loss Reinsurance Contact Renewal 2010/2011

The arrangements for the renewal of the International Group General Excess of Loss reinsurance contract and Hydra reinsurance programme for 2010/11 have now been finalized.

17 November 2009

New International Group Chairman elected

At the Annual General Meeting of the International Group of P Club managers held in London on 17 November, the managers of the 13 member Clubs unanimously endorsed and welcomed the election of Gard CEO, Claes Isacson, to succeed Peter Spendlove as International Group Chairman.

17 November 2009

Club retention to increase from February 2010

With effect from noon on 20 February 2010, the individual Club retention will increase from US $7 million to US $8 million.

16 October 2009

IMO Legal Committee and IOPC Funds meetings - IG attendance

The autumn meetings of the IMO Legal Committee and the 1992 IOPC Fund Executive Committee and 1992 IOPC Fund Assembly were held in London at the beginning of October 2009.

There are no more articles to display
There was an error loading more articles