Directors' Report & Financial Statements for the year ended 20th February 2022.

At their meeting in May 2022, the Directors closed the 2019 policy year. The deficit was transferred to the reserves.

UK P&I Club maintains strong 2022 financial position with $488M reserves, comfortably meeting capital requirements & S&P AAA rating

Over the last eighteen months, we have witnessed the most dramatic change to working and economic conditions in our lifetime. However, the Club and the shipping industry have shown considerable resilience under these difficult circumstances.

This Solvency and Financial Condition Report ("SFCR") covers the Business and Performance of The United Kingdom Mutual Steam Ship Assurance Association Limited ("UKC" (solo basis) or "the Group")

This document is the second Solvency and Financial Condition Report (“SFCR”) of UK P&I Club N.V.

The UK Club Directors' Report & Financial Statements is now available to download. 

Financial highlights for the year ended 20th February 2021.

The Directors approved the Report and Financial Statements for the year ended 20th February 2021

The Club remains financially strong with free reserves in excess of US$500 million

On 30th October 2020 ratings agency Standard & Poor's released a research update on the UK Club and affirmed the Club's 'A' rating

This Solvency and Financial Condition Report (“SFCR”) covers the Business and Performance of The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited (“UKE”) and The United Kingdom Mutual Assurance Association (Bermuda) Limited (“UKB”), which together are known as “the Group”.

2019 marked the 150th anniversary of the Club, an outstanding achievement which demonstrates the importance of the mutual model to the shipping industry. 

This document is the first Solvency and Financial Condition Report (“SFCR”) of UK P&I Club N.V. (UKNV). It explains the company performance over the extended book year of 28 November 2018 until 20 February 2020. This document covers UKNV’s business and performance, its system of governance, risk profile, valuation for solvency purposes and capital management.

This Solvency and Financial Condition Report ("SFCR") covers the Business and Performance of The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited ("UKE") and The United Kingdom Mutual Assurance Association (Bermuda) Limited ("UKB")

Directors' report & financial statements for the year ending 20th February 2019.

2018 Autumn Statement is now available to download as a pdf.

This Solvency and Financial Condition Report ("SFCR") covers the Business and Performance of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited ("UKB") and The United Kingdom Mutual Assurance Association (Europe) Limited ("UKE")

This Solvency and Financial Condition Report ("SFCR") covers the Business and Performance of the Association, its System of Governance, Risk Profile, Valuation for Solvency Purposes and Capital Management.

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.