UK P&I CLUB SEEKS $100 MILLION IN HYBRID CAPITQL (Maritime Global Net)
Tuesday, July 8th, 2008The UK P&I Club is looking to raise around $100 million in hybrid capital in order to meet potential increases in solvency requirements when the EU Solvency Directive II comes into force in 2012. The Club says that the hybrid capital sought in this issue is both a cost-effective way of raising capital and of providing a safeguard against a future increase in solvency requirements.
Original post by george_douglas@nrel.gov (George Douglas)