October Review 2010

A detailed explanation of financial and claims performance at the mid-year point is provided by the Club in its October Review 2010.  Free reserves and capital at $419 million, improving overall claims position particularly on 2009 and also 2008, 2009 policy year combined ratio of 102 per cent and S&P rating A- (Outlook: Stable)

Financial highlights:

  • General increase for 2011 set at 5 per cent
  • Free reserves and capital increased to $419 million at 20th August
  • Improving overall claims position particularly on 2009 and also 2008
  • Reserve release of $34 million at half year, whilst maintaining the same level of reserving confidence
  • Investment income in line with forecast return of 4 per cent for the year
  • 2009 policy year combined ratio of 102 per cent
  • A- (stable outlook) S&P rating

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Ship Finder


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