The Club’s financial position remains strong with the free reserves and capital standing at $473million and total assets of $1.6 billion at 20th August 2013.

The Club aims to maintain a solid capital adequacy position and targets the AA range on S&P’s capital model. This level of capital adequacy ensures that the Club will have sufficient capital for Solvency 2 purposes. S&P’s rating approach is not solely concerned with capital levels. Underwriting performance is a key factor in their rating of all P&I clubs. Therefore ensuring underwriting discipline is maintained is an important factor behind the Club’s current rating of A- (positive outlook).

This year the Club successfully conducted a consent solicitation on its hybrid capital bond and achieved a lower coupon of 7.5 per cent. The hybrid capital continues to be an important part of the Club’s capital planning as it is an efficient way of reducing the amount of Members’ money that the Club needs to hold and also counts for regulatory and rating agency requirements purposes.

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.