West of England

Financial

The Club's published Reports and Accounts and the Mid-Year Review can be viewed or downloaded from this website. The key figures are set out below.

Key Data

  2009 2010 2011 2012 2013
At 20 February          
Free Reserve ($ million) 160.8 169.1 182.7 179.4 197.4
Year ended 20 February          
Combined Ratio 130.3% 128.7% 118.0% 108.7% 102.5%
By Policy Year          
Gross Tonnage (Class 1 Owners pro rata - millions) 50.8 53.2 49.2 51.0 53.6
Number of vessels (Class 1 Owners) 3,476 3,370 3,063 2,987 2,886

 

At the Club’s Board Meeting of 15 May 2013, the 2010 Policy Year for Class 1 and the 2008 Policy Year for Class 2 were closed. The position regarding additional call and release percentages for the open years is shown below.

Policy Year information Class 1 P&I

Policy Year 2011 2012 2013
Additional Call 30% charged Aug 2012 30% due Aug 2013 35% due Aug 2014
Release 5% 15% 30%

 

Policy Year information Class 2 F,D&D

Policy Year 2009 2010 2011 2012 2013
Additional Call 20% charged Aug 2011 30% charged Aug 2012 30% charged Aug 2012 30% due Aug 2013 35% due Aug 2014
Release 0% 0% 5% 15% 30%

 

The West of England Ship Owners Mutual Insurance Association (Luxembourg)
R.C.S. Luxembourg B 8963

Managers: West of England Insurance Services (Luxembourg) S.A.
Registered Office: 33 Boulevard Prince Henri, L-1724 Luxembourg, G.D. Luxembourg T +(352) 4700671 F +(352) 225253

UK Branch: Tower Bridge Court, 226 Tower Bridge Road, London SE1 2UP T +(44)(0)20 7716 6000 F +(44)(0)20 7716 6100
E mail@westpandi.com W www.westpandi.com