Review of the Year 2016

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.

The 2016 Review of the Year is now available to download as a pdf. Hard copies will be mailed to Members in the next few weeks.

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.