The financial statements of the UK Club are now available on our website. These provide the full report of another operating surplus for the year just ended and a further significant increase in the Club's free reserves and capital which now stand at $478 million, the highest they have ever been.
The Directors Report & Financial Statements can be downloaded as a
. Key topics such as underwriting, claims and reinsurance are also presented as individual web pages.
The financial information section of our website provides profiles of the key areas of the Club's finances and operations drawn from the Report & Accounts.
To access this information go to "About the Club" on the main horizontal menu at the head of every page in the site. Select "
" and a drop-down menu offers links to the key financial statements plus narrative and graphics on underwriting, claims, risk and capital management, reinsurance, investments and service.
Our Chairman's statement provides an overview of the highlights of the Club year and some updates on the composition of the Board.
The new, harmonised EU-wide regulatory regime for Insurance Companies, known as Solvency II, came into force with effect from 1 January 2016. The regime requires new reporting and public disclosure arrangements to be put in place by insurers and some of that is required to be published on the Company's public website.
The UK Club have received the following client alert from law firm Ersoy Bilgehan Lawyers and Consultants, regarding significant amendments to the Turkish Ports Regulation.
