AM Best has revised the outlook of TT Club's rating (Through Transport Mutual Insurance Association Ltd) following a review of its performance since May this year when the Club reported its 2001 loss of US$40m including a strengthening of claims reserves of US$23m.
At the recent Security Matters Seminar, held in London, sponsored by TT Club and organised by the publishers of Cargo Systems magazine, there was lively discussion focussing on the imminent US Customs 24 Hour Manifest Rule and the IMO's amendments to Chapter XI of its Safety of Life at Sea (SOLAS) convention, which are due to be ratified next month. It fell to TT's European Loss Prevention manager Andrew Webster to discuss the cost implications for European ports as a result of these additional security demands.
TT Club, the mutual insurance association specialising in insurance coverage for the multi modal transport industry, has welcomed Andrew Webster back to its London office to strengthen its loss prevention initiative.
