The 2016 Review of the Year is available to download as a pdf from the right hand column. Click on the front cover to download.

2015 has been another strong year for the Club. The importance of consistent disciplined underwriting was evident in a year of volatility in the investment markets. The combined ratio for the financial year was 92%, better than the Club’s target of 100%.

With six consecutive financial years at or close to break even, the Club has developed a strong track record for balanced underwriting. This consistent underwriting performance enabled the Board to discount the 2014 policy year mutual premium by 2.5%.

Global investment markets were less favourable. Given the prevailing conditions, the Club’s return of negative 1% (excluding the impact of foreign exchange) was respectable.

At 20 February 2016, the Club held free reserves of $448 million with a further $99 million held in hybrid capital.

Looking forward
In February 2016 the Board announced that it had entered into discussions with the Board of the Britannia Club with a view to potential merger.

Individually both the UK Club and Britannia are well-positioned to provide continuing first class service to their members and achieve their strategic objectives. Both Clubs have the highest reputation for financial strength and service offering within their markets.

The Boards continue to investigate whether the combination of their resources will place the Club in a better position to face future challenges and create additional value for the Members.

Pre 2015 Financial Statements

Past editions of the Club's financial reports are here.


Emergency Contacts


If you need to call our offices out of hours and at weekends, click After Office hours for a up to date list of the names of the Duty Executives and their mobile phone numbers. 

Ship Finder


This Ship Finder is updated on a daily basis. Members who need to advise the Club of updates to their recorded ships' details should advise their usual underwriting contact.