West of England

Financial

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

Key Data

Year ended 20 February 2007 2008 2009 2010 2011
Gross Premium ($ million) 326.1 241.0 408.5 239.6 243.2
At 20 February  2007 2008 2009 2010 2011
Free Reserve ($ million) 204.7 173.6 160.8 169.1 182.7
Net Assets ($ million) incl. additional calls 658.8 585.4 599.2 625.4 693.4
By Policy Year 2007 2008 2009 2010 2011
Gross Tonnage (Class 1 Owners pro rata - millions) 53.8 53.7 50.7 52.3 49.0
Number of vessels (Class 1 Owners) 3,950 3,903 3,494 3,458 3,091

At the Club’s Board Meeting of 25 May 2011, the 2008 Policy Year for Class 1 and the 2006 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 2009 2010 2011
Additional Call 30% charged Aug 2010 30% due Aug 2011 30% due Aug 2012
Release 15% 30% 30%

Policy Year information Class 2 F,D&D

Policy Year 2007 2008 2009 2010 2011
Additional Call 20% charged Aug 2009 20% charged Aug 2010 20% due Aug 2011 30% due Aug 2012 30% due Aug 2012
Release 15% 15% 15% 30% 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