Notice of Annual General Meeting of Gard P. & I. (Bermuda) Ltd.


To:      The Members of Gard P. & I. (Bermuda) Ltd.

NOTICE IS HEREBY GIVEN that the 2023 Annual General Meeting of Gard P. & I. (Bermuda) Ltd. (the “Company”) will be held at the offices of its Manager, Lingard Limited, at A.S. Cooper Building, 59 Front Street, Hamilton HM 11, Bermuda, on Wednesday, 10 May 2023 at 12:00 noon, or as soon thereafter as possible, for the following purposes:

Gard appoints correspondents in Guadeloupe


From 1 April 2023, Gard’s listed correspondent in Pointe-à-Pitre, Guadeloupe for both P&I and H&M is McLeans FWI. Contact details as per below.

Annual reports 2022


Gard’s 2022 annual results as well as its first Human Rights Due Diligence report were published on 20 March. Both reports can be accessed below.

Gard withstands market turbulence to deliver stand out insurance results


Gard presented its annual results and its second integrated annual report today, showing that the group has delivered its best insurance performance in 15 years. Challenging investment markets meant that results overall ended close to break even.

Also Available in Japanese

US impose further sanctions against Russia


On 24 February 2023, the one year anniversary of Russia’s invasion of Ukraine, the US Department of State and the US Department of Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on numerous additional individuals, entities and vessels that the US has determined are engaged in sanctions evasion.  Full details can be found here.

EU adopts 10th package of sanctions against Russia


On 25 February 2023 the EU adopted its 10th package of sanctions against Russia.  The relevant EU Regulations and Council Decisions can be found here but of particular significance for members is Council Regulation (EU) 2023/427 which further amends Regulation (EU) No 833/2014. 

Available in Japanese


New Managing Director in Japan


Louis Shepherd has been appointed Managing Director of Gard (Japan) K.K. effective from 1 May 2023.

New correspondents


Gard has appointed new correspondents for P&I and/or Hull in a number of locations with effect from 20 February 2022.

Strong renewal in a market seeking stability


Gard today announced yet another strong P&I renewal for 2023. Over the last 12 months, 17 million GT have been added, bringing the mutual tonnage to a total of 277 million GT. 99.4 per cent of the existing tonnage stayed with the club.

Also available in Simplified Chinese and Traditional Chinese

Also available in Japanese

Turkish P&I cover issue – petroleum products


The agreement allowing crude oil to be shipped through Turkish-controlled waters will also apply to petroleum products.


Marine insurers publish first climate alignment report


The Poseidon Principles for Marine Insurance (PPMI) have issued its first annual report, disclosing the climate alignment of leading marine insurers’ hull and machinery portfolios.

Also available in Japanese

EU adopts 9th package of Russia sanctions


On 16 December the EU adopted its 9th package of Russian sanctions. Below is an overview of the main changes.

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Support and stability in turbulent times


Another year draws to a close, and what a year it has been. 2022 has reminded all of us – once again – how quickly things can change. Business patterns, outlooks, expectations – all can suddenly be disrupted by world affairs. 

Turkish P&I cover issue resolved


Following significant engagement between the International Group of P&I Clubs (IG) and the Government of Turkey, an agreement has been reached allowing ships carrying crude oil cargoes to continue their voyages through Turkish-controlled waters.

Turkey requests confirmation of P&I cover


The Government of Turkey issued a notice dated 16.11.2022 which requires all ships carrying  crude oil products transiting or entering Turkish waters from 1 December 2022 (extended to 2 December 2022), to provide letters of confirmation from the owner’s P&I Club attesting that cover will remain in place under any circumstances throughout the duration of the transit or the time the ship is in Turkish waters or the time it is in a port or terminal.

Gard partners with global decarbonisation centres


Gard is happy to announce that we have entered into partnerships with the Global Centre for Maritime Decarbonisation (GCMD) in Singapore and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping in Denmark.

Gard receives gold rating for ESG efforts


EcoVadis awards Gard a gold medal in recognition of our ESG achievement!

Gard statement on HEROIC IDUN


The crude oil tanker HEROIC IDUN and its 26 crew members have been detained in Equatorial Guinea following interception by their navy in the Exclusive Economic Zone of São Tomé and Príncipe on 12 August. We are working closely with the owners, managers, and all relevant stakeholders to resolve a very challenging situation. Our top priority is the health, safety, and well-being of the crew.

Improved underwriting performance for the 2022 policy year


Despite financial and economic uncertainty, the Gard group has improved its insurance performance significantly in the last year. The investment losses reflect the challenging macroeconomic situation.

Available in Japanese