Our Mutual Club
We are one committed community, owned and run by our Members. Founded by maritime leaders, for maritime leaders, we share your purpose. Standing together with decision-makers when it matters most. Actively shaping a fairer and more resilient future for the industry. Drawing upon our expertise to influence the changes we want to see happen. Together let’s shape how we navigate our world.
Club Restructure
The Club is made up of three constituent parts: UKFDD which is the London entity, UKDE which is a subsidiary mutual of UKFDD which was established following the UKs exist for the Euorpean Union, and UKDIA which is a quota share reinsurer based in the IOM. All Members are a Member of UKFDD and UKDIA.
In order to achieve operational efficiencies the intention is to transfer the operations from UKDIA to a new mutual ("New mutual") in Cyprus. Once this transfer takes place, membership will transfer from UKDIA to New mutual. The aim is that this will be effective on 20th August, 2026 subject to Member and regulatory approvals. Members will see no apparent change to the operation of the Club by reason of this restructure. These changes have been highlighted in previous circulars. EGM papers have recently been circulated by UKFDD and will be circulated shortly by UKDIA.
If any Member or broker has any queries in relation to any of these changes please contact your usual Club contacts.
