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The latest updates from the Club

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AM-Best
West A- rating, stable outlook re-affirmed by AM Best

West P&I has again been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) by AM Best. The outlook assigned to these Credit Ratings (ratings) is stable.

Francis Corrigan
Francis Corrigan
Chief Financial Officer

Latest news

  • News 04 Nov, 2024
    MLC Amendments to enter into force on 23 December 2024

    Amendments to the Maritime Labour Convention adopted by the Special Tripartite Committee in June 2022 will enter into force on 23 December 2024. These will help to provide further protection to seafarers, clarify obligations of Member States, and address lessons learned since previous amendments.

    Erin Walton
    Erin Walton
    Assistant Corporate Director
  • Loss Prevention 30 Oct, 2024
    Alarming Rise in Cardiovascular Incidents

    The Club has seen a worrying surge in cardiovascular disease (CVD) incidents, notably heart attacks and cardiac arrests.

    Emma MacCarthy
    Emma MacCarthy
    Loss Prevention Officer
  • News 09 Oct, 2024
    World Mental Health Day: Enhancing Seafarers’ Mental Health and Psychological Capital

    In the demanding and often isolating world of maritime professions, the mental well-being of seafarers has emerged as a critical concern. With this year’s theme, "It's time to prioritise mental health in the workplace," it becomes essential to understand these determinants and develop effective strategies.

    Emma MacCarthy
    Emma MacCarthy
    Loss Prevention Officer

Sanctions news

  • News 22 Jul, 2024
    Russian Sanctions - designation update

    Further to our March 2024 news item, the UK authorities have since designated Russian insurance provider Ingosstrakh Insurance Company resultant from their “carrying on business in a sector of strategic significance to the Government of Russia

    Tim Davies
    Tim Davies
    Deputy Head of Claims (Eastern Team)
  • News 22 Apr, 2024
    Venezuela - re-imposition of U.S. sanctions

    On 17 April 2024 OFAC issued General License 44A (GL44A) which permits the wind-down of oil and gas operations in Venezuela until 31 May 2024, including “the production, lifting, sale, and exportation of oil or gas from Venezuela, and provision of related goods and services” and transactions involving the state oil company PdVSA.

    Tony Paulson
    Tony Paulson
    Head of Asia & Corporate Director
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