The UK Defence Club, provider of FD&D (legal costs) insurance to the maritime industry, has announced that there will be no change to its premiums for the 2016 policy year, the second consecutive zero premium increase. The organisation, managed by Thomas Miller, has cited its financial strength as enabling it to freeze premiums, and the Club will also continue its Continuity Credits loyalty scheme, rewarding Members with premium reductions.
Reflecting on the past year, Daniel Evans, Club Manager said: “The events of the last year have been dominated by matters relating to OW Bunkers and in particular the ongoing RES COGITANS dispute. Against this background, the Board is cognisant of its duty to protect Members and utilise the financial strength of the Club to support them, notwithstanding an uncertain claims environment. The Club has managed its financial position and this allows us to use Continuity Credits to reward our Members’ ongoing commitment.”
The UK Defence Club is the largest defence club in the world with over 138 million GRT owned tonnage plus a book of chartered business, and has help protect the maritime sector for over 127 years.
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