A merican Club Circular No. 45 /16 1 DECEMBER 22, 2016 CIRCULAR NO. 45/16 TO MEMBERS OF THE ASSOCIATION Dear Member: CURRENTS - THE AMERICAN CLUB’S IN-HOUSE NEWSLETTER Your Managers are pleased to announce the publication of the latest edition of the Club’s in-house newsletter, Currents. It can be accessed at: http://www.american-club.com/files/files/currents_38.pdf It is hoped that Members and their brokers, as well as the Club’s many business associates and other friends across the world, will enjoy reading this latest edition – published just as the Club is about to enter its centennial year – and, more particularly, find its contents to be both interesting and useful. Yours faithfully, Joseph E.M. Hughes, Chairman & CEO Shipowners Claims Bureau, Inc., Managers for THE AMERICAN CLUB