2016 Assets & Income Statement

2016 Assets & Income Statement
The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited: Summarised Consolidated Statement of Financial Position for the year ended 20th February 2016

Amounts in $000

 

2016

 

2015

 

Assets
Investments

1,078,340

1,133,071

Loans and receivables including insurance receivables

111,092

101,019

Derivative financial instruments

604

2,554

Reinsurance assets

267,963

263,852

Cash and cash equivalents

87,242

48,762

Accrued interest

5,221

5,695

Total assets

1,550,462

1,554,953

Reserves and liabilities
Capital and reserves attributable to Members

Free reserves

451,053

449,306

Cash flow hedging reserve

(3,449)

(477)

Other reserves

240240

Total

447,844

449,069

Financial liabilities – Perpetual subordinated 
capital securities

99,069

98,697

Total

546,913

547,766

Other liabilities

Insurance liabilities

969,305

978,931

Derivative financial instruments

4,089

1,149

Trade and other payables

29,942

26,850

Current income tax

213

257

Total

1,003,549

1,007,187

Total reserves and liabilities

1,550,462

1,554,953


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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