News

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

01 August 2012

European Commission closes investigation

The European Commission has today announced that it has closed its review of the International Group's claims-sharing and reinsurance arrangements.

28 June 2012

War and terrorism P&I cover review by Club boards

A lengthy and detailed consultation has taken place over recent months with the Boards of all thirteen Clubs in the International Group on the question of extending the scope of the Group’s pooling and reinsurance arrangements to include cover for war and terrorism risks.

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