Report & Accounts 2014 Published

Report & Accounts 2014 Published

The Club’s return to the top level of our industry, both in terms of capital and its underwriting discipline, has been recognised by Standard & Poor’s in their decision to restore the Club’s full A (Stable) rating. It is a very significant event for the Club, but we should not see this as an end in itself. Having restored the Club’s  financial position, we have now to make sure that we put a similar level of effort into maintaining our reputation for best in class service.

This year the Club has increased its free reserves and capital by $34 million. This takes the Club’s total capital to a new high of $528 million, comprising the underlying free reserves of $430 million and hybrid capital of $98 million. The outcome reflects a sound underwriting result in the face of mounting claims costs during the 2013 policy year, and an investment return of 4.5% amounting to $44 million.

The financial year combined ratio of 102% represents the fourth consecutive year of combined ratios close to 100%.

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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