It is likely to be another week dominated by Brexit headlines. However, Brexit aside, the highlight will be Central Bank meetings with both the US Federal Reserve (Fed) and the Bank of England (BoE) holding monetary policy meetings this week.
The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, confirmed it has won approval from the Netherland's financial regulator for a licence for its Rotterdam-based subsidiary UK P&I Club N.V. (UKNV).
The London Maritime Arbitrators Association ('LMAA') has recently published a 'LMAA Arbitration Clause' and a 'LMAA Arbitration Notice Clause'. Given the potential importance of issues relating to jurisdiction, these are worth considering.
After careful consideration and subject to regulatory approval, Canaccord Genuity Group Inc. is to acquire the private client businesses of Thomas Miller, consisting of Thomas Miller Wealth Management Limited's ("TMWM") business and the private client business of Thomas Investment in the Isle of Man. It is hoped the regulators will approve this transaction before the end of May 2019.
In collaboration with UK P&I Club, TT Club has developed a new StopLoss publication which considers the risk exposures associated with the transport of temperature controlled cargo through the global supply chain and provides guidance as to how to avoid losses.
Shipowners' concerns at increasing piracy in West Africa and the kidnap for ransom threat were addressed by the Association at their seminar co-hosted with UK P&I Club in Athens on 7 March. Key themes of loss prevention and response were discussed with invited industry experts
