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The 2012 Pool remains very expensive.
Two of the claims notified to the Pool incurred during the first six months of 2013 were brought by the UK Club.
The development of Pool claims is particularly random during the year and therefore difficult to predict. The 2012 Pool remains very expensive and a significant recovery is anticipated from the Club’s Pool reinsurance. The Club’s record on the Pool continues to be exemplary, with a loss record at the year end of 71 per cent. This has produced a surplus on the Club’s Pool record on the new Pool formula of $169 million, substantially reducing the UK Club share of the 2013 Pool.