October Review 2011

The UK Club's financial position has improved strongly over the last

three years. Total assets are currently in excess of $1.6 billion.

Combined ratio

The expected combined ratio for 2011/12 year is below 100 per cent.

If achieved at the year-end the Club will have had two successive

years of balanced underwriting. The Club is continuing to meet its

long term target of 100 per cent combined ratio.

Free reserves & capital

The surplus for the year to date of $8 million has increased the free

reserve and hybrid capital from $478 million to $486 million.

In Standard and Poor's capital model the Club's capital adequacy is now

in the AAA range. This combined with a free reserves per gross ton

figure of $4.5 puts the Club's financial strength at the top level of its

peer group in the P&I sector.

Downloads

  • UK P&I Club: October 2011 Review (129 KB)

    26/08/2016

    Download PDF

Tags