New format financial statements published

New format financial statements published

Our Club has adopted the International Financial Reporting Standards (“IFRS”) format for its full financial statements that are now available on this website. The enhanced disclosure of information of IFRS provides a better understanding of the financial performance of the Club and its financial position.

Financial information is published in the About the Club section of our website.  A detailed explanation of the move to IFRS and the advantages it presents to members and stakeholders is found there, together with the key financial statements and extensive supporting notes.

The change has had no impact on the reported financial strength of the Club.  The free reserve of the Club before and after transition has remained the same.  The value of the Club’s hybrid capital is also unchanged. 

The physical copies of the full Directors Report & Financial Statements should be ready for distribution within the next fortnight.

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.