Agenda item

Report of the Chamberlain.

The Committee considered a Report of the Chamberlain concerning City Re Ltd.

In response to a query concerning the IBNR rate, the Chairman informed the Committee that the City Re board discussed the rate at each of its meetings and they were content with its current position.

RESOLVED – that the Committee:

i) to note this report; and

(ii) confirm that going forward the Deputy Chairman of the Finance Committee should act as the alternate Director for the Chairman of the Finance Committee.