The complete financial statements of the UK Club are being mailed to Members and brokers on Monday 30th July.
As reported in the Review of the Year 2012 a second year of balanced underwriting has contributed to increased free reserves that now stand at $486 million.
This Directors Report & Financial Statements can be downloaded from the "
" section of the website as a pdf. The review includes detailed reports on key topics such as underwriting, claims, reinsurance, Solvency 2 and investments.
" sub-section of our website provides profiles of the key areas of the Club's finances and operations drawn from the Report & Accounts. Downloadable versions of the Chairman's statement "Good result in difficult times" and the "Review of the Year 2012" can be found there and in the Publications section.
As part of our series of live webinars covering various Loss Prevention issues, the UK Club provided anoverview of P&I Clubs and claims for Members, brokers and industry contacts in the Americas region.
The UK P&I Club recently held a webinar on the subject of Chemical Tanker Claims, the webinar was a great success with more than 1000 registrations from over 58 countries.
At their October meetings in Zurich and Rotterdam, the Boards reviewed the financial position of the Club including the performance of the open and closed policy years
