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West reports record free reserves and combined ratio of 98.0%

The combined ratio for the 2025-26 financial year was 98.0%, an improvement on the prior year's 103.9%. The Club's own claims were below their expected position, and the share of Pool claims was close to the budgeted level, assisted by West's recent positive Pool performance.

Latest news

  • News 24 Jun, 2026
    Super El Nino and the Amazon waterways - drought, draught, delays and the potential for Defence disp

    A Super El Niño event is predicted for the second half of 2026. Characterised by unusually strong warming of surface waters in the Pacific Ocean, Super El Niño events can significantly disrupt global weather patterns, leading to droughts, flooding and other extreme weather conditions.

    Nicola Cox
    Nicola Cox
    Head of Defence Claims
  • News 02 Jun, 2026
    New Scientist No.3: How much exercise do we need?

    Regular physical activity is one of the most effective ways to protect long-term health, yet it can be difficult to prioritise at sea or within demanding operational schedules.

    Emma MacCarthy
    Emma MacCarthy
    Loss Prevention Officer
  • News 01 Jun, 2026
    EU Expands Iran Sanctions Framework to Target Threats to Freedom of Navigation

    On 22 May 2026, the Council of the European Union adopted a decision amending its existing Iran sanctions framework to allow the EU to target individuals and entities involved in Iran's actions threatening freedom of navigation in particular in the Strait of Hormuz.

    Tony Paulson
    Tony Paulson
    Head of Asia & Corporate Director

Sanctions news

  • News 27 May, 2026
    Russia Sanctions: New EU FAQs on Targeted Vessels and Tanker Sales

    On 22 May 2026, the European Commission published two new sets of Frequently Asked Questions (FAQs) addressing key aspects of the EU Russia sanctions regime as it applies to the maritime sector.

    Tony Paulson
    Tony Paulson
    Head of Asia & Corporate Director
  • News 23 Feb, 2026
    Amended [02/04]: Venezuelan sanctions - OFAC issues various new General Licenses

    Following the seizure of Nicolas Maduro by the United States in January 2026, the US Treasury’s Office of Foreign Assets Control (OFAC) has issued a series of new General Licenses ("GLs") and accompanying FAQs that are significantly reshaping the Venezuela sanctions landscape.

    Tony Paulson
    Tony Paulson
    Head of Asia & Corporate Director
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