The following circular is the latest issued by the Club for the attention of Members.  Earlier circulars can be found in the annual archives listed in the left hand menu.

Circular 6/15: Review of Open Policy Years


OUTLINE

  • 2012 policy year closed
  • Open years developing in line with expectations

TO THE MEMBERS

REVIEW OF OPEN POLICY YEARS

2012 Policy Year

At their meeting in May 2015, the Directors closed the 2012 policy year. The small deficit was met from the reserves.

2013 Policy Year

The 2013 policy year remains one of the most expensive years in recent history, but has shown signs of improvement during the second half of last year. The year is expected to close with a deficit.

No supplementary premium is expected for this year.

2014 Policy Year

After twelve months, the 2014 policy year is considerably less expensive than the 2013 policy year. Notified claims in the first twelve months are one of the lowest of recent policy years.

No supplementary premium is expected for this year.

Review of the Year

The Directors approved the Report and Financial Statements for the year ended 20th February 2015. A detailed summary of the Club’s financial results and an explanation of the development of the most recent policy years is contained in the separate publication “2015 Review of the Year” accompanying this circular.

Yours faithfully

THE MANAGERS

For more information

Publication app

All Club publications on your phone or tablet! Find out more...

Review of the Year 2015

Leadership in Action

Circular 6/15: Review of open policy years

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.