Agenda item

Report of the Chamberlain.

The Committee considered a report of the Chamberlain which provided the annual performance monitoring report on City Re Limited.

A Member asked for clarification regarding the maximum exposure for City Re. The Chamberlain clarified that this was a maximum of £250k per claim, and a maximum of the reinsurance premium (£1.7m) plus a further £250k (totalling £1.95m) per year.

RESOLVED – That the Committee notes the report.