October Review 2012

October Review 2012

The Club’s funds have continued to strengthen in the first half of 2012 with free reserves and capital increasing by US$8 million to US$494 million. With the Club’s owned tonnage at 20th August standing at over 116 million gross tons, this represents free reserves and capital of US$4.23 per gross ton and a free reserve ratio of over 167 per cent.

The UK Club therefore continues to be one of the financially strongest clubs in the International Group. An improving claims performance on back years together with a positive investment performance in the first six months of the 2012 policy year contributed to the increase in free reserves and capital. As reported elsewhere in this October Review, the Club is experiencing an increase in the cost of claims for the 2012 policy year, as anticipated in the Review of the Year 2012.

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.

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