The Club is pleased to post its first Solvency & Financial Condition Report (“SFCR”) which has been prepared in accordance with the requirements of the Solvency II Directive and related Delegated Regulation as transposed into the Luxembourg Insurance Law of 7 December 2015.
The report covers Business & Performance, System of Governance, Risk Profile, Valuation for Solvency Purposes and Capital Management and, as a single document, includes the disclosure obligations for the following regulated entities:
- The West of England Ship Owners Mutual Insurance Association (Luxembourg) – Group
- The West of England Ship Owners Mutual Insurance Association (Luxembourg) – Entity
- International Shipowners Reinsurance Company S.A. (“ISRe”)
The SFCR can be downloaded by clicking on the following link:
Single Solvency & Financial Condition Report (SFCR) 20 February 2016 to 20 February 2017