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Uk Defense Club News

12 Jun 2015

UK Defense Club Reports Strengthened Financial Position

The UK Defence Club, the provider of FD&D (legal costs) insurance to the maritime industry, announced its financial results for the year ending February 20, 2015. According to the club, highlights include 3,700 ships covered, total assets of £56.5 million; combined loss ratio of 94 percent; free reserves £28.4 million; 167 million GRT, increase of five percent in owned tonnage; net claims incurred, including claims provision, increased to £13.1 million from £10.2 million in 2013/14; and 2015 Renewal – zero percent general increase and introduction of continuity credits. UK Defence Club chairman Michael Lykiardopulo said, “I believe that by announcing a zero percent general increase for the 2015/16 policy year…

10 Jun 2014

UK Defense Club Announces Positive Financial Results

The UK Defence Club, a provider of FD&D (legal costs) insurance to the maritime industry, announces its financial results for the year ended 20 February 2014. M.G. Pateras, Chairman of the UK Defence Club, says: “We are in a strong financial position with £52.2 million assets under management and with free reserves of £24.5 million. The past 12 months have seen the UK Defence Club entered owned tonnage reach an all time high at 127 million GRT, in addition to a sizeable book of chartered business. “Litigation is, however, an increasingly expensive proposition and a sound financial basis is crucial to the Club’s ability to support Members faced with litigation irrespective of the amounts involved.

25 Feb 2013

Shipowners Commit to UK Club in Tough Market

The UK P&I Club (the UK Club) announces that it has attracted over three million gross tons of new tonnage, following the closure of the renewal season on Wednesday, 20 February, 2013. At conclusion of renewal the Club’s tonnage stands at around 120 million gross tons. This represents net growth over the past year of 7.6 million tons. As importantly, the Club maintained its policy on sound underwriting declining an equivalent volume of tonnage during the renewal on factors such as quality of risk.

06 Jun 2003

Peter Wright Retires from Millers

1997, has retired after 40 years' service with the organization. P&I and U.K. Defense clubs. University and was called to the Bar (Inner Temple) the following year. Son partnership in 1970. Wright ran the U.K. Defense Club management in the early 1980s. invasion of Kuwait and the Gulf War in 1991. Piraeus office. correspondent. activity.

18 Oct 2002

Clacy Appointed tU.K. Club's Regionalized Claims Handling in Greece

Philip Clacy has been appointed UK P&I Club Area Director for Greek members' claims handling in Piraeus. Clacy, previously Area Director in London for two of the Club's London - based claims handling groups, will be taking over from Daniel Evans, who has served as Area Director in Piraeus for the almost five years. Thomas Miller Defence Ltd, the manager of the U.K. Defense Club. "I am delighted to have been given the opportunity to work in the Piraeus office. The U.K. influential and innovative force driving Club policy and development. Clacy joined Thomas Miller in 1986 and has worked closely with eastern Mediterranean and Middle East members. director in 1995. He has a degree in nautical studies and is a master of business administration.