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New International Group Chair

At the Annual General Meeting of the International Group of P&I Clubs held in Newcastle on 8 November 2022 the appointment of Andrew Cutler as the new Group Chair was approved.  Andrew succeeds Paul Jennings who has held the post…

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Grain exports from Ukrainian sea ports halted

Grain exports from Ukrainian sea ports have been halted today as the security situation in the Black Sea remains tense following Russia’s decision over the weekend to suspend its participation in a regional shipping initiative. In the wake of an…

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S&P downgrades The Swedish Club to BBB+, stable outlook

S&P said that the downgrade was the result of “eroded capital adequacy”. The Swedish Club's capitalization, as per the S&P risk-based capital model, remained materially below the 'AAA' confidence level as of H1 2022 after it was eroded by underwriting…

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