Technical Feature - P&I Clubs: Standard Club to Focus on Financial Security and Service
Source: Asia Insurance Review | Jan 2009
Standard Club is calling for a 15% general increase in premium rates for all its members and Mr Robert Drummond, Director, Charles Taylor Mutual Management (Asia) Pte Ltd as managers, said that the Club does not however expect to make supplementary calls for any open year. Affirming that the free reserves of Standard Club remain strong, he shares with Asia Insurance Review the health of the Club, its view of the new pooling structure and Solvency II and what Standard Club’s key priorities will be in 2009.
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