2016 p&i club review - edge edge homepageedgegroup.com/wp-content/uploads/2016/04/edge-pi... ·...

P&IProvider profile

2016 P&I Club Review

P&IProvider profileP&I service providers

1. The American Club

2. Britannia

3. Gard

4. Japan P&I Club

5. The London P&I Club

6. North

7. Shipowners

8. Skuld

9. The Standard

10. Steamship Mutual

11. The Swedish Club

12. UK P&I Club

13. West of England

3

P&IProvider profile

Edge Norway AS Solheimsgaten 15 – 5058 Bergen – Norway Phone number: +47 55 20 44 00 Web: www.edgegroup.com

P&I Provider Profile

American Club

CLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS THE AMERICAN STEAMSHIP OWNERS MUTUAL P&I ASSOCIATION INCTHE AMERICAN STEAMSHIP OWNERS MUTUAL P&I ASSOCIATION INCTHE AMERICAN STEAMSHIP OWNERS MUTUAL P&I ASSOCIATION INCTHE AMERICAN STEAMSHIP OWNERS MUTUAL P&I ASSOCIATION INC WEBWEBWEBWEB

www.american-club.com

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY Shipowners Claims Bureau Inc

STRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTS The only Club domiciled in the US

ADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERS

OFFICESOFFICESOFFICESOFFICES New York, London, Piraeus, Hong Kong and Shanghai

PERSONNELPERSONNELPERSONNELPERSONNEL 63

HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Joseph E. M. Hughes, Chief Executive Officer

FOUNDEDFOUNDEDFOUNDEDFOUNDED 1917

FINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILS CLUB PROFILECLUB PROFILECLUB PROFILECLUB PROFILE S&P RATING:S&P RATING:S&P RATING:S&P RATING: BBB-

AVERAGE EXP. RATIO:AVERAGE EXP. RATIO:AVERAGE EXP. RATIO:AVERAGE EXP. RATIO: 24,20 %

KEYFIGURES 201KEYFIGURES 201KEYFIGURES 201KEYFIGURES 2015555:::: Gross premium : USD 97,5 mill

Net premium : USD 67,9 mill Gross claims paid : USD 63,3 mill Net losses incurred : USD 35,9 mill Underwriting exp.: USD 34,0 mill Underwriting result : USD -1,6 mill Investment income : USD 0,3 mill (Unrealised inv. gain: USD -5,8 mill)

Pre tax net op. inc.: USD -1,6 mill Assets : USD 274,0 mill Liabilities : USD 217,6 mill

GROSS GROSS GROSS GROSS PREMIPREMIPREMIPREMIUM WRITTEN:UM WRITTEN:UM WRITTEN:UM WRITTEN: /FREE RESERVES/FREE RESERVES/FREE RESERVES/FREE RESERVES 2011 USD 112 mill - 1,86

2012 USD 112 mill - 2,07

2013 USD 107 mill - 1,88

2014 USD 115 mill - 1,96

2015 USD 98 mill - 1,73

FREE RESERVES:FREE RESERVES:FREE RESERVES:FREE RESERVES: PER MUTUAL GT:PER MUTUAL GT:PER MUTUAL GT:PER MUTUAL GT:

2011 USD 60 mill USD 3,74


2013 USD 57 mill USD 3,80 2014 USD 59 mill USD 3,66


COMBINED RATIOCOMBINED RATIOCOMBINED RATIOCOMBINED RATIO::::

2011 111 %

2012 123 %

2013 112 % 2014 107 %

2015 102 %

ENTEREDENTEREDENTEREDENTERED TONNAGE:TONNAGE:TONNAGE:TONNAGE: Owned:Owned:Owned:Owned: 16,1 million GT Chartered:Chartered:Chartered:Chartered: 0,5 million GT Number of vessels:Number of vessels:Number of vessels:Number of vessels: 1341 VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):

GEOGRAPHICAL LOCATION (% TONNAGE):GEOGRAPHICAL LOCATION (% TONNAGE):GEOGRAPHICAL LOCATION (% TONNAGE):GEOGRAPHICAL LOCATION (% TONNAGE):

GENERAL INCREASES INDEX (1994 = 100%)GENERAL INCREASES INDEX (1994 = 100%)GENERAL INCREASES INDEX (1994 = 100%)GENERAL INCREASES INDEX (1994 = 100%)

POLICY YEAR:POLICY YEAR:POLICY YEAR:POLICY YEAR: 17/18 16/17 15/16 14/15 13/14 12/13 11/12 10/11 09/10 08/09 ETC / total call (% TC): 100 100 100 100 100 125

Estimated / actual deferred call (% advance call):

0/

0/

0/

0/0

0/0

25/25 25/25 20/20 0/25

General increases: 2,5 4,5 10 10 5 2 0 7,5 20

Europe

Middle East

Americas

Far East / South East Asia

Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

American

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

4

P&IProvider profile


P&I Provider Profile CLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS THE BRITANNIA STEAMTHE BRITANNIA STEAMTHE BRITANNIA STEAMTHE BRITANNIA STEAM SHIP INSURANCE ASSOCIATIONSHIP INSURANCE ASSOCIATIONSHIP INSURANCE ASSOCIATIONSHIP INSURANCE ASSOCIATION WEBWEBWEBWEB

www.britanniapandi.com

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY Tindall Riley (Britannia) Limited

STRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTS *) Reinsurance contract with Boudicca.

ADDITIONALADDITIONALADDITIONALADDITIONAL COVERSCOVERSCOVERSCOVERS FD&D Extended through transit cover Extended cargo liability

OFFICESOFFICESOFFICESOFFICES London, Japan and Hong Kong

PERSONNELPERSONNELPERSONNELPERSONNEL About 130

HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Chairman John A. Trew


FINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILS CLUB PROFILECLUB PROFILECLUB PROFILECLUB PROFILE S&P S&P S&P S&P RATING:RATING:RATING:RATING: A


KEYFIGURES 20KEYFIGURES 20KEYFIGURES 20KEYFIGURES 2011115555/20/20/20/2011116666:::: Gross premium : USD 260,3 mill

Net premium : USD 168,0 mill Gross claims paid : USD 221,5 mill Net losses incurred : USD 141,1 mill Underwriting exp.: USD 27,0 mill Underwriting result : USD 0,0 mill Investment income : USD -23,5 mill (Unrealised inv. gain: USD -22,8 mill) Pre tax net op. inc.: USD -23,5 mill Assets : USD1.326,1 mill* Liabilities: USD 813,4 mill

GROGROGROGROSS SS SS SS PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN: /FREE RESERVES/FREE RESERVES/FREE RESERVES/FREE RESERVES 2011/2012 USD 282 mill 0,61

2012/2013 USD 294 mill 0,67

2013/2014 USD 284 mill 0,60

2014/2015 USD 270 mill 0,49 2015/2016 USD 260 mill 0,51


2011/2012 USD 461 mill USD 4,15 *) Strat. Int.





COMBCOMBCOMBCOMBINED RATIOINED RATIOINED RATIOINED RATIO:::: 2011/2012 110 %

2012/2013 101 %

2013/2014 110 %

2014/2015 92 % 2015/2016 100 %

ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE: Owned:Owned:Owned:Owned: 105,9 million GT Chartered:Chartered:Chartered:Chartered: 35,5 million GT Number of vessels:Number of vessels:Number of vessels:Number of vessels: 3 600 VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):



POLICY YEAR:POLICY YEAR:POLICY YEAR:POLICY YEAR: 17/18 16/17 15/16 14/15 13/14 12/13 11/12 10/11 09/10 08/09

ETC / total call (% TC): 92,5* 100 100 100 100 100

Estimated / actual deferred call (% advance call): 45/ 45/45 45/40 45/35 45/45 40/40 40/40 40/40 40/32,5 40/40

General increases: 0 2,5 2,5 2,5 12,5 5 5 5 12,5 15

* Total call below 100 % due to Premium Discount

Europe

Middle East

Americas


Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

Britannia

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

5

P&IProvider profile


P&I Provider Profile GardCLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS GARDGARDGARDGARD P&I (P&I (P&I (P&I (BERMUDABERMUDABERMUDABERMUDA) LTD.) LTD.) LTD.) LTD. WEBWEBWEBWEB

www.gard.no

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY Gard AS

STRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTS *100% Ownership of Gard Marine & Energy

ADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERS FD&D Charterers risk MOU Offshore/ supply Extended LOH

War risk Cargo Crew Special risks

OFFICESOFFICESOFFICESOFFICES Arendal, Oslo, Bergen, London, Helsinki, Hong Kong, Tokyo, Imabari, Singapore, New York, Piraeus, Bermuda and Rio de Janeiro


HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Rolf Thore Roppestad – Chief Executive Officer

FOUNDEDFOUNDEDFOUNDEDFOUNDED 1907 FINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILS CLUB PROFILECLUB PROFILECLUB PROFILECLUB PROFILE S&P RATING:S&P RATING:S&P RATING:S&P RATING: A+


KEYFIGURES KEYFIGURES KEYFIGURES KEYFIGURES incl. H&M incl. H&M incl. H&M incl. H&M 2020202011115555/20/20/20/2011116666::::

Gross premium : USD 898,6 mill

Net premium : USD 727,5 mill Gross claims paid : USD 598,0 mill Net losses incurred : USD 532,3 mill Underwriting exp.: USD 99,1 mill Underwriting result : USD 96,2 mill Investment income : USD -54,7 mill (Unrealised inv. gain: USD -170,9 mill) Pre tax net op. inc.: USD 41,5 mill Assets : USD 2680,5 mill Liabilities: USD 1663,3 mill

GROSS GROSS GROSS GROSS PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN: /FREE RESERVES/FREE RESERVES/FREE RESERVES/FREE RESERVES 2011/2012 USD 827 mill - 1,00

2012/2013 USD 857 mill - 0,96 2013/2014 USD 914 mill - 0,97

2014/2015 USD 961 mill - 0,99

2015/2016 USD 899 mill - 0,88


2011/2012 USD 826 mill * USD 5,07

2012/2013 USD 895 mill * USD 5,64

2013/2014 USD 945 mill * USD 5,56

2014/2015 USD 969 mill * USD 5,14

2015/2016 USD 1017 mill * USD 5,12

COMBINED RATIOCOMBINED RATIOCOMBINED RATIOCOMBINED RATIO:::: 2011/2012 100 % 2012/2013 106 %

2013/2014 102 % 2014/2015 92 % 2015/2016 87 %

ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE: Owned:Owned:Owned:Owned: 198,8 million GT Chartered:Chartered:Chartered:Chartered: 90,0 million GT Number of vessNumber of vessNumber of vessNumber of vessels:els:els:els: 6.400 VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):




ETC / total call (% TC): 90 90 95 90 85 100

Estimated / actual deferred call (% advance call): 25/ 25/ 25/15 25/15 25/15 25/15 25/20 25/15 25/10 25/25

General increases (%): 0 2,5 2,5 5 5 5 0 0 15 10

Europe

Middle East

Americas


Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

Gard

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

6

P&IProvider profile



Japan P&I Club

CLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS THE THE THE THE JAPAN SHIPJAPAN SHIPJAPAN SHIPJAPAN SHIP OWNERS’ MUTUAL P&I ASSOCIATIONOWNERS’ MUTUAL P&I ASSOCIATIONOWNERS’ MUTUAL P&I ASSOCIATIONOWNERS’ MUTUAL P&I ASSOCIATION WEBWEBWEBWEB

www.piclub.or.jp

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY

STRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTS

ADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERS

OFFICOFFICOFFICOFFICESESESES Tokyo, London and Singapore.


HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Yoshikazu Minagawa – Director General


FINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILS CLUB PROFILECLUB PROFILECLUB PROFILECLUB PROFILE S&P RATING:S&P RATING:S&P RATING:S&P RATING: BBBBBBBBBBBB++++ AVERAGE EXP. RATIO:AVERAGE EXP. RATIO:AVERAGE EXP. RATIO:AVERAGE EXP. RATIO: 5,5,5,5,18181818 %%%%


Net premium : USD 141,2 mill Gross claims paid : USD 143,4 mill Net losses incurred : USD 104,5 mill Underwriting exp.: USD 24,9 mill Underwriting result : USD 12,4 mill Investment income : USD -14,0 mill Pre tax net op. inc.: USD -1,6 mill Assets : USD 584,3 mill Liabilities: USD 397,1 mill


2012/2013 USD 224 mill - 1,42

2013/2014 USD 238 mill - 1,52

2014/2015 USD 233 mill - 1,35

2015/2016 USD 226 mill - 1,21


2011/2012 USD 167 mill USD 2,19

2012/2013 USD 158 mill USD 1,99

2013/2014 USD 156 mill USD 1,94 2014/2015 USD 172 mill USD 2,12

2015/2016 USD 187 mill USD 2,35


2011/2012 99 %

2012/2013 114 %

2013/2014 109 %

2014/2015 102 %

2015/2016 93 %

ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE: Owned:Owned:Owned:Owned: 79,7 million GT Chartered:Chartered:Chartered:Chartered: 12,5 million GT Number of vesselsNumber of vesselsNumber of vesselsNumber of vessels:::: 2.329 VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):




ETC / total call (% TC): 100 100 110 100 100

Estimated / actual deferred call (% advance call): 40/40 40/40 40/40 40/40 40/40 40/40 40/50 40/40 30/30

General increases: 3 3 7,5 5 3 10 12,5 12,5 20

Europe

Middle East

Americas


Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

Japan

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

7

P&IProvider profile



London Club

CLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS THE THE THE THE LONDON LONDON LONDON LONDON STEAM SHIP STEAM SHIP STEAM SHIP STEAM SHIP OWNERSOWNERSOWNERSOWNERS MUTUAL INSURANCE ASSOCIATIONMUTUAL INSURANCE ASSOCIATIONMUTUAL INSURANCE ASSOCIATIONMUTUAL INSURANCE ASSOCIATION LTLTLTLTDDDD WEBWEBWEBWEB

www.londonpandi.com

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY A.Bilbrough & Co. Limited


ADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERS FD&D War Risks

OFFICESOFFICESOFFICESOFFICES London, Hong Kong and Piraeus.


HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Ian Gooch, Chief Executive


FINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILS CLUB PRCLUB PRCLUB PRCLUB PROFILEOFILEOFILEOFILE S&P RATING:S&P RATING:S&P RATING:S&P RATING: BBB



Net premium : USD 76,5 mill Gross claims paid : USD 69,5 mill Net losses incurred : USD 49,2 mill Underwriting exp.: USD 11,9 mill Underwriting result : USD 15,3 mill Investment income : USD -11,9 mill (Unrealised inv. Gain USD 10,5 mill) Pre tax net op. inc.: USD 3,4 mill Assets : USD 397,3 mill Liabilities: USD 236,6 mill

GROSS GROSS GROSS GROSS PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN: /FREE RESEREVES/FREE RESEREVES/FREE RESEREVES/FREE RESEREVES 2011/2012 USD 109 mill - 0,75

2012/2013 USD 102 mill - 0,66

2013/2014 USD 107 mill - 0,67

2014/2015 USD 111 mill - 0,71 2015/2016 USD 111 mill - 0,69

FREE RESERVES:FREE RESERVES:FREE RESERVES:FREE RESERVES: PER MUTPER MUTPER MUTPER MUTUAL GT:UAL GT:UAL GT:UAL GT:

2011/2012 USD 145 mill USD 3,57

2012/2013 USD 154 mill USD 3,57

2013/2014 USD 161 mill USD 3,73

2014/2015 USD 157 mill USD 3,59

2015/2016 USD 161 mill USD 3,62


2011/2012 119 %

2012/2013 118 %

2013/2014 122 %

2014/2015 134 %

2015/2016 82 %

ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE: Owned:Owned:Owned:Owned: 44,4 million GT Chartered:Chartered:Chartered:Chartered: 7,5 million GT Number of vesselsNumber of vesselsNumber of vesselsNumber of vessels:::: 1029 VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):




ETC / total call (% TC): 100 100 100 100 100 125

Estimated / actual additional call (% advance call): 0/ 0/ 0/ 0/0 0/0 0/0 0/0 0/0 40/40 40/65

General increases (%): 0 5 6 10 12,5 5 5 5 15 17,5

Europe

Middle East

Americas


Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

London

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

8

P&IProvider profile



North of England

CLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS THE THE THE THE NORTH OF ENGLAND PNORTH OF ENGLAND PNORTH OF ENGLAND PNORTH OF ENGLAND P&&&&I ASSOCIATION LTDI ASSOCIATION LTDI ASSOCIATION LTDI ASSOCIATION LTD WEBWEBWEBWEB

www.nepia.com

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY North Insurance Management Limited

STRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTS Merged with Sunderland Marine Insurance Company Limited - February 2014

ADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERS FD&D War Risks Offshore / Supply Charters P&I Continental Liability Special Risk

OFFICESOFFICESOFFICESOFFICES Newcastle, Piraeus, Tokyo, Singapore & Hong Kong

PERSONNELPERSONNELPERSONNELPERSONNEL over 230 people

HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Paul Jennings and Alan Wilson – Joint Man.Dir.


FINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILS CLUB PROFILECLUB PROFILECLUB PROFILECLUB PROFILE S&P RATING:S&P RATING:S&P RATING:S&P RATING: A



Net premium : USD 336,9 mill Gross claims paid : USD 379,2 mill Net losses incurred : USD 142,3 mill Underwriting exp.: USD 108,5 mill Underwriting result : USD 86,1 mill Investment income : USD -4,1 mill (Unrealised inv. gains: USD -13,3 mill) Pre tax net op. inc.: USD 82,1 mill Assets : USD1.219,1 mill Liabilities: USD 790,4 mill

GROSS GROSS GROSS GROSS PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN: /FREE RESERVES/FREE RESERVES/FREE RESERVES/FREE RESERVES 2011/2012 USD 346 mill 1,10

2012/2013 USD 366 mill 1,17

2013/2014 USD 384 mill 1,23

2014/2015 USD 498 mill 1,47 2015/2016 USD 486 mill 1,14


2011/2012 USD 314 mill USD 2,55

2012/2013 USD 312 mill USD 2,46

2013/2014 USD 312 mill USD 2,40

2014/2015 USD 338 mill USD 2,66

2015/2016 USD 429 mill USD 3,27

COMBINED RATIOCOMBINED RATIOCOMBINED RATIOCOMBINED RATIO:::: 2011/2012 102 %

2012/2013 103 %

2013/2014 93 %

2014/2015 109 %

2015/2016 76 %

ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE: Owned:Owned:Owned:Owned: 131 million GT Chartered:Chartered:Chartered:Chartered: 54 million GT Number of vesselsNumber of vesselsNumber of vesselsNumber of vessels:::: Approx. 4.000 VESSEL TYPES (% TONNAGEVESSEL TYPES (% TONNAGEVESSEL TYPES (% TONNAGEVESSEL TYPES (% TONNAGE Incl. CharteredIncl. CharteredIncl. CharteredIncl. Chartered):):):):

GEOGRAPHICAL LOCATION (% TONNAGEGEOGRAPHICAL LOCATION (% TONNAGEGEOGRAPHICAL LOCATION (% TONNAGEGEOGRAPHICAL LOCATION (% TONNAGE Incl. CharterIncl. CharterIncl. CharterIncl. Charter ::::



ETC / total call (% TC): 100 100 100 100 100 100

Estimated / actual deferred call (% advance call): 0/ 0/ 0/ 0/ 0/0 0/0 0/0 0/0 0/0 0/0

General increases (in %): 0 2,5 4,75 7,5 15 5 3 5 17,5 17,5

ETC for 2016/17 will be 95 due to return of mutual premium

Europe

Middle East

Americas


Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

NoE

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

9

P&IProvider profile


P&I Provider Profile CLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS THE SHIPOWNERS MUTUAL PROTECTION AND INDEMNITY ASSOCIATIONTHE SHIPOWNERS MUTUAL PROTECTION AND INDEMNITY ASSOCIATIONTHE SHIPOWNERS MUTUAL PROTECTION AND INDEMNITY ASSOCIATIONTHE SHIPOWNERS MUTUAL PROTECTION AND INDEMNITY ASSOCIATION WEBWEBWEBWEB

www.shipownersclub.com

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY The Shipowner’s Protection Ltd.

STRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTS Club for smaller and specialised vessels

ADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERS Salvage Wider towage risks Offshore contracts

Sub-sea operations Dredging, piledriving, cable laying and other specialised operations

OFFICESOFFICESOFFICESOFFICES London, Luxembourg, Hong Kong and Singapore

PERSONNELPERSONNELPERSONNELPERSONNEL Year average 145

HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Simon Swallow, Chief Executive


FINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILS CLUB PROFILECLUB PROFILECLUB PROFILECLUB PROFILE S&P RATING:S&P RATING:S&P RATING:S&P RATING: BBB+BBB+BBB+BBB+ AVERAGE EXP. RATIO:AVERAGE EXP. RATIO:AVERAGE EXP. RATIO:AVERAGE EXP. RATIO: 21 %

KEYFIGURES: 21/2 KEYFIGURES: 21/2 KEYFIGURES: 21/2 KEYFIGURES: 21/2 –––– 31/1231/1231/1231/12----2020202011115555:::: Gross premium : USD 214,0 mill

Net premium : USD 171,4 mill Gross claims paid : USD 128,6 mill Net losses incurred : USD 125,4 mill Underwriting exp.: USD 42,7 mill Underwriting result : USD 3,2 mill Investment income : USD -22,5 mill (Unrealised inv. gain: USD -14,1 mill) Pre tax net op. inc.: USD -19,2 mill Assets : USD 693,4 mill Liabilities: USD 414,1 mill


2012/2013 USD 222 mill - 0,81

2013/2014 USD 244 mill - 0,82

2014/2015 USD 247 mill - 0,82

2015 USD 214 mill - 0,77


2011/2012 USD 235 mill USD 11,86

2012/2013 USD 275 mill USD 12,59

2013/2014 USD 299 mill USD 12,66

2014/2015 USD 300 mill USD 12,78

2015 USD 279 mill USD 11,36

COMBINED RATIOCOMBINED RATIOCOMBINED RATIOCOMBINED RATIO:::: 2011/2012 85 % 2012/2013 96 % 2013/2014 99 % 2014/2015 95 % 2015 98 %

ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE: Owned:Owned:Owned:Owned: 24,6 million GT Chartered:Chartered:Chartered:Chartered: n/a Number of vessels:Number of vessels:Number of vessels:Number of vessels: 32.053 VESSEL TYPES (% VESSEL TYPES (% VESSEL TYPES (% VESSEL TYPES (% VESSELS):VESSELS):VESSELS):VESSELS):

GEOGRAPHICAL LOCATION (% GEOGRAPHICAL LOCATION (% GEOGRAPHICAL LOCATION (% GEOGRAPHICAL LOCATION (% TONNAGETONNAGETONNAGETONNAGE):):):):



ETC / total call (% TC): 100 100 100 100 100 90

Estimated / actual deferred call (% advance call): 0/ 0/ 0/ 0/0 0/0 0/0 0/0 0/0 0/0 10/0

General increases (%): 0 0 0 5 5 0 0 5 10 0

Europe

Middle East

Americas


Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

Shipowners

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

10

P&IProvider profile


P&I Provider Profile CLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS ASSURANCEFORENINGEN ASSURANCEFORENINGEN ASSURANCEFORENINGEN ASSURANCEFORENINGEN SKULD (SKULD (SKULD (SKULD (GJENSIDIGGJENSIDIGGJENSIDIGGJENSIDIG) ) ) ) WEBWEBWEBWEB

www.skuld.com

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY N/A

STRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTS Skuld 1897 Syndicate at Lloyds

ADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERS FD&D Charterers Cargo Crew Hull War risk

Ext. Contr. Liability Revenue and expenses Property and Liability Offshore MOU

OFFICESOFFICESOFFICESOFFICES Oslo, Bergen, Copenhagen, Hamburg, London, Hong Kong, Piraeus, Singapore and New York.

PERSONNELPERSONNELPERSONNELPERSONNEL

252

HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Ståle Hansen – Chief Executive Officer

FOUNDEDFOUNDEDFOUNDEDFOUNDED 1897 FINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILS CLUB PROFILECLUB PROFILECLUB PROFILECLUB PROFILE S&P RATING:S&P RATING:S&P RATING:S&P RATING: A

AVERAGE EXP. RATIO:AVERAGE EXP. RATIO:AVERAGE EXP. RATIO:AVERAGE EXP. RATIO: 12,8%


Net premium : USD 336,2 mill Gross claims : USD 218,5 mill Net losses incurred : USD 226,1 mill Underwriting exp.: USD 88,0 mill Underwriting result : USD 22,1 mill Investment income : USD -9,4 mill (Unrealised inv. gain: USD -22,1 mill) Pre tax net op. inc.: USD 12,7 mill Assets : USD 916,2 mill Liabilities: USD 568,8 mill

GROSS GROSS GROSS GROSS PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN: /FREE RESERVE/FREE RESERVE/FREE RESERVE/FREE RESERVE 2011/2012 USD 300 mill - 1,03 2012/2013 USD 318 mill - 1,03 2013/2014 USD 379 mill - 1,13 2014/2015 USD 411 mill - 1,19 2015/2016 USD 410 mill - 1,18


2011/2012 USD 291 mill USD 4,22 2012/2013 USD 308 mill USD 4,09 2013/2014 USD 334 mill USD 4,11 2014/2015 USD 347 mill USD 4,22 2015/2016 USD 347 mill USD 3,99

COMBINED RATIOCOMBINED RATIOCOMBINED RATIOCOMBINED RATIO:::: 2011/2012 96 % 2012/2013 100 % 2013/2014 99 % 2014/2015 100 % 2015/2016 94 %

ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE: Owned:Owned:Owned:Owned: 87,1 million GT CharteredCharteredCharteredChartered:::: N/A Number of vessels:Number of vessels:Number of vessels:Number of vessels: 5.514 VESSEL TYPEVESSEL TYPEVESSEL TYPEVESSEL TYPES (% TONNAGE):S (% TONNAGE):S (% TONNAGE):S (% TONNAGE):




ETC / total call (% TC): 100 100 100 100 100 100

Estimated / actual deferred call (% advance call): 0/ 0/ 0/ 0/ 0/ 0/0 0/0 0/0 0/0 0/0

General increases (%): IR* IR* IR* IR* IR* IR* 0 5 15 7,5

* Individual rating ETC for 15/16 will be 97,50 due to Member Dividend

Europe

Middle East

Americas


Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

Skuld

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

11

P&IProvider profile


P&I Provider Profile CLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS The Standard ClubThe Standard ClubThe Standard ClubThe Standard Club WEBWEBWEBWEB

www.standard-club.com

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY Charles Taylor & Co. Limited

STRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTS The Standard Club has a number of subsidiaries as Standard Reinsurance, Standard Asia, Standard Europe.

ADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERS Defence War risk Passenger vsls Crew & Cargo Offshore/Energy

Professional Liabilities Fixed premium P&I Facility Commodity Traders Kidnap & Ransom

OFFICESOFFICESOFFICESOFFICES London, Bermuda, Piraeus, Tokyo, Singapore, New York, Rio de Janeiro and Hong Kong

PERSONNELPERSONNELPERSONNELPERSONNEL Charles Taylor & Co Ltd. over 1700 staff in 71 offices

HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Jeremy Grose, Chief Executive


0 FINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILS CLUB PCLUB PCLUB PCLUB PROFILEROFILEROFILEROFILE S&P RATING:S&P RATING:S&P RATING:S&P RATING: A


KEYFIGURES KEYFIGURES KEYFIGURES KEYFIGURES incl. incl. incl. incl. Lloyd’s Lloyd’s Lloyd’s Lloyd’s Syndicate Syndicate Syndicate Syndicate 2012012012015555/20/20/20/2011116666:::: Gross premium : USD 354,3 mill

Net premium : USD 249,2 mill Gross claims paid : USD 324,6 mill Net losses incurred : USD 191,9 mill Underwriting exp.: USD 39,6 mill Underwriting result : USD 17,7 mill Investment income : USD -8,3 mill (Unrealised inv. gain: USD -31,1 mill) Pre tax net op. inc.: USD 9,4 mill Assets : USD1.023,5 mill Liabilities: USD 642,4 mill


2012/2013 USD 294 mill - 0,81 2013/2014 USD 336 mill - 0,91

2014/2015 USD 354 mill - 0,93

2015/2016 USD 354 mill - 0,91


2011/2012 USD 353 mill USD 3,75

2012/2013 USD 363 mill USD 2,88

2013/2014 USD 369 mill USD 3,41

2014/2015 USD 380 mill USD 3,40

2015/2016 USD 390 mill USD 3,36


2011/2012 120 %

2012/2013 118 %

2013/2014 102 %

2014/2015 100 %

2015/2016 93 %

ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE: Owned:Owned:Owned:Owned: 116,0 million GT Chartered:Chartered:Chartered:Chartered: 22,0 million GT Number of vesselsNumber of vesselsNumber of vesselsNumber of vessels:::: 6.986

VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):

GEOGRAPHICAL LGEOGRAPHICAL LGEOGRAPHICAL LGEOGRAPHICAL LOCATION (% TONNAGE):OCATION (% TONNAGE):OCATION (% TONNAGE):OCATION (% TONNAGE):



ETC / total call (% TC): 100 100 100 100 100 100

Estimated / actual deferred call (% advance call): 0/ 0/ 0/ 0/ 0/ 0/0 0/0 0/0 0/0 0/0

General increases (%): 0 2,5 5 12,5 7,5 5 3,5 3 15 15

ETC for 16/17 will be 95,00 due to members return

Europe

Middle East

Americas


Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

Standard

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

12

P&IProvider profile


P&I Provider Profile CLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS STEAMSTEAMSTEAMSTEAMSHIP SHIP SHIP SHIP MUTUAL UNDERWRITING MUTUAL UNDERWRITING MUTUAL UNDERWRITING MUTUAL UNDERWRITING ASSOCIATION ASSOCIATION ASSOCIATION ASSOCIATION WEBWEBWEBWEB

www.simsl.com

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY Steamship insurance Management Services Limited


ADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERS FD&D Special cargo liabilities. Yacht Liability Cover

Container cover Charterers cover

OFFICESOFFICESOFFICESOFFICES London, Bermuda, Piraeus, Hong Kong & Brazil


HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Stephen Martin, Managing Director


FINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILS CLUB PROFILECLUB PROFILECLUB PROFILECLUB PROFILE S&P RATING:S&P RATING:S&P RATING:S&P RATING: A



Net premium : USD 263,3 mill Gross claims paid : USD 221,7 mill Net losses incurred : USD 119,7 mill Underwriting exp.: USD 67,4 mill Underwriting result : USD 76,2 mill Investment income : USD -12,0 mill (Unrealised inv. gain: USD -17,0 mill) Pre tax net op. inc.: USD 64,2 mill Assets : USD1.078,0 mill Liabilities: USD 637,6 mill

GROSS GROSS GROSS GROSS PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN: /FREE RESEREVES/FREE RESEREVES/FREE RESEREVES/FREE RESEREVES 2011/2012 USD 330 mill - 1,11

2012/2013 USD 315 mill - 1,10

2013/2014 USD 346 mill - 1,15

2014/2015 USD 365 mill - 0,97 2015/2016 USD 350 mill - 0,80


2011/2012 USD 296 mill USD 4,73

2012/2013 USD 286 mill USD 4,38

2013/2014 USD 301 mill USD 4,38

2014/2015 USD 376 mill USD 5,06

2015/2016 USD 440 mill USD 5,66

COMBINED RATIOCOMBINED RATIOCOMBINED RATIOCOMBINED RATIO:::: 2011/2012 115 %

2012/2013 112 %

2013/2014 97 %

2014/2015 79 %

2015/2016 73 %

ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE: Owned:Owned:Owned:Owned: 77,8 million GT Chartered:Chartered:Chartered:Chartered: 51,2 million GT Number of vessels:Number of vessels:Number of vessels:Number of vessels: 8.798 VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):




ETC / total call (% TC): 100 100 100 100 100 120

Estimated / actual deferred call (% advance call): 0/ 0/ 0/ 0/0 0/0 0/0 0/0 0/0 0/0 0/20

General increases (%): 0 0 0 10 7,5 5 0 5 17,5 15

Europe

Middle East

Americas


Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

Steamship

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

13

P&IProvider profile


P&I Provider Profile CLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS THE SWEDISH CLUBTHE SWEDISH CLUBTHE SWEDISH CLUBTHE SWEDISH CLUB WEBWEBWEBWEB

www.swedishclub.com

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY Self-managed

STRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTS P&I , Charterers Liability, FD&D and H&M

ADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERS IV LoH War Speciality covers

OFFICESOFFICESOFFICESOFFICES Gothenburg, Oslo, London, Piraeus, Hong Kong & Tokyo


HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Lars Rhodin, Managing Director


FINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILS CLUB PROFILECLUB PROFILECLUB PROFILECLUB PROFILE S&P RATING:S&P RATING:S&P RATING:S&P RATING: BBB+


KEYFIGURES KEYFIGURES KEYFIGURES KEYFIGURES 2020202011115555:::: Combined H&M + P&ICombined H&M + P&ICombined H&M + P&ICombined H&M + P&I Gross premium : USD 180,8 mill

Net premium : USD 142,9 mill Gross claims paid : USD 160,2 mill Net losses incurred : USD 107,2 mill Underwriting exp.: USD 33,7 mill Underwriting result : USD 2,0 mill Investment income : USD -5,1 mill (Unrealised inv. gain: USD -10,1 mill) Pre tax net op. inc.: USD -3,1 mill Assets : USD 460,6 mill Liabilities: USD 277,6 mill

GROSS GROSS GROSS GROSS PREMIUMPREMIUMPREMIUMPREMIUM WRITTEN:WRITTEN:WRITTEN:WRITTEN: /FREE RESERVES/FREE RESERVES/FREE RESERVES/FREE RESERVES 2011/2012 USD 174 mill - 1,23

2012/2013 USD 170 mill - 1,14

2013/2014 USD 173 mill - 1,05

2014/2015 USD 181 mill - 0,98 2015 USD 181 mill - 0,99


2011/2012 USD 142 mill USD 4,19

2012/2013 USD 148 mill USD 4,63

2013/2014 USD 164 mill USD 4,44

2014/2015 USD 184 mill USD 4,44

2015 USD 183 mill USD 4,20


2011/2012 110 %

2012/2013 110 %

2013/2014 94 %

2014/2015 87 %

2015 99 %

ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE: Owned:Owned:Owned:Owned: 43,4 mill GT (P&I) Chartered:Chartered:Chartered:Chartered: 66,0 mill GT (P&I) Number of vessels:Number of vessels:Number of vessels:Number of vessels: 1.117 VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):

GEOGRAPHICAL LOGEOGRAPHICAL LOGEOGRAPHICAL LOGEOGRAPHICAL LOCATION (% TONNAGE):CATION (% TONNAGE):CATION (% TONNAGE):CATION (% TONNAGE):



ETC / total call (% TC): 100 100 100 100 100 100

Estimated / actual deferred call (% advance call): 0/ 0/ 0/0 0/0 0/0 0/0 0/0 0/0 0/0

General increases (%): 0 2,5 7,5 7,5 5 2,5 2,5 15 15

Europe

Middle East

Americas


Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

Sw. Club

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

14

P&IProvider profile

Edge Norway AS Solheimsgaten 15 – 5058 Bergen – Norway Telephone: +47 55 20 44 00 Web: www.edgegroup.com


UK P&I Club

CLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS THE UNITED KINGDOM MUTUAL STEAM SHIP ASSURANCE ASSOCIATIONTHE UNITED KINGDOM MUTUAL STEAM SHIP ASSURANCE ASSOCIATIONTHE UNITED KINGDOM MUTUAL STEAM SHIP ASSURANCE ASSOCIATIONTHE UNITED KINGDOM MUTUAL STEAM SHIP ASSURANCE ASSOCIATION WEBWEBWEBWEB

www.ukpandi.com

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY Thomas Milller (Bermuda) Ltd

STRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTSSTRATEGIC INTERESTS / ADDITIONAL COVERS/ ADDITIONAL COVERS/ ADDITIONAL COVERS/ ADDITIONAL COVERS The Club's office network serves significant entries from all major shipping nations from locations in Europe, Asia and north America with particular focus on loss prevention and ship quality. Sophisticated further covers for charterers, liner and passenger operators risks augment its comprehensive owner's P&I cover.

OFFICESOFFICESOFFICESOFFICES London, Bermuda, Piraeus, Singapore, Tokyo, New Jersey; San Francisco, Shanghai & Hong Kong

PERSPERSPERSPERSONNELONNELONNELONNEL 500 in Management Company

HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Mr. Hugo Wynn-Williams, Chief Executive Officer

FOUNDEDFOUNDEDFOUNDEDFOUNDED 1869 FINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILSFINANCIAL DETAILS CLUB PROFILECLUB PROFILECLUB PROFILECLUB PROFILE S&P RATING:S&P RATING:S&P RATING:S&P RATING: A

AVERAGE EXP. RATIO:AVERAGE EXP. RATIO:AVERAGE EXP. RATIO:AVERAGE EXP. RATIO: 10,17%


Net premium : USD 304,0 mill Gross claims paid : USD 299,5 mill Net losses incurred : USD 228,5 mill Underwriting exp.: USD 44,2 mill Underwriting result : USD 31,2 mill Investment income : USD -28,7 mill (Unrealised inv. gain.: USD -44,8 mill) Pre tax net op. inc.: USD 2,5 mill Assets : USD1.282,5 mill Liabilities: USD 735,6 mill


2012/2013 USD 353 mill - 0,71

2013/2014 USD 396 mill - 0,75 2014/2015 USD 408 mill - 0,75

2015/2016 USD 385 mill - 0,70


2011/2012 USD 486 mill USD 4,30

2012/2013 USD 494 mill USD 4,19

2013/2014 USD 528 mill USD 4,24

2014/2015 USD 548 mill USD 4,31 2015/2016 USD 547 mill USD 4,05


2011/2012 97 %

2012/2013 106 %

2013/2014 105 %

2014/2015 97 %

2015/2016 90 %

ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE: Owned:Owned:Owned:Owned: 135,0 million GT Chartered:Chartered:Chartered:Chartered: 100,0 million GT Number of vesselsNumber of vesselsNumber of vesselsNumber of vessels:::: 3.361 VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):




ETC / total call (% TC): 100 100 100 100 100 120

Estimated / actual additional call (% advance call): 0/ 0/ 0/ 0/0 0/0 0/0 0/0 0/0 0/20

General increases (%): 2,5 6,5 10 7,5 3 5 5 12,5 17,5

ETC for 2014/15 will be 97,50 due to Member Discount

Europe

Middle East

Americas


Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

UK Club

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

15

P&IProvider profile



West of England

CLUB DETAILSCLUB DETAILSCLUB DETAILSCLUB DETAILS THE THE THE THE WEST OF ENGLAND SHIPWEST OF ENGLAND SHIPWEST OF ENGLAND SHIPWEST OF ENGLAND SHIP OWNERS MUTUAL INSURANCE ASSOCIATIONOWNERS MUTUAL INSURANCE ASSOCIATIONOWNERS MUTUAL INSURANCE ASSOCIATIONOWNERS MUTUAL INSURANCE ASSOCIATION WEBWEBWEBWEB

www.westpandi.com

MANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANYMANAGEMENT COMPANY The West of England Insurance Services (Luxembourg) S.A.

STRATEGIC INTERESTSTRATEGIC INTERESTSTRATEGIC INTERESTSTRATEGIC INTEREST::::

ADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERSADDITIONAL COVERS FD&D Strike Risks

OFFICESOFFICESOFFICESOFFICES London, Luxembourg, Greece & Hong Kong

PERSONNELPERSONNELPERSONNELPERSONNEL Average 133

HEAD OF UNITHEAD OF UNITHEAD OF UNITHEAD OF UNIT Peter Spendlove – Managing Director


FINANCIAFINANCIAFINANCIAFINANCIAL DETAILSL DETAILSL DETAILSL DETAILS CLUB PROFILECLUB PROFILECLUB PROFILECLUB PROFILE S&P RATING:S&P RATING:S&P RATING:S&P RATING: BBB+



Net premium : USD 165,7 mill Gross claims paid : USD 132,5 mill Net losses incurred : USD 100,0 mill Underwriting exp.: USD 35,4 mill Underwriting result : USD 30,1 mill Investment income : USD -3,7 mill (Unrealised inv. Gain USD -12,4 mill) Pre tax net op. inc.: USD 26,5 mill Assets : USD 716,2 mill Liabilities: USD 439,5 mill

GROSS GROSS GROSS GROSS PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN:PREMIUM WRITTEN: /FREE RESERVE/FREE RESERVE/FREE RESERVE/FREE RESERVE 2011/2012 USD 212 mill - 1,18

2012/2013 USD 196 mill - 0,99

2013/2014 USD 203 mill - 0,94

2014/2015 USD 217 mill - 0,89 2015/2016 USD 228 mill - 0,82


2011/2012 USD 179 mill USD 3,55

2012/2013 USD 197 mill USD 3,75

2013/2014 USD 216 mill USD 3,78

2014/2015 USD 244 mill USD 3,61

2015/2016 USD 277 mill USD

COMBINED RATIOCOMBINED RATIOCOMBINED RATIOCOMBINED RATIO:::: 2011/2012 109 % 2012/2013 102 % 2013/2014 101 % 2014/2015 97 % 2015/2016 84 %

ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE:ENTERED TONNAGE: OOOOwned:wned:wned:wned: 67,5 million GT Chartered:Chartered:Chartered:Chartered: 22,5 million GT Number of vessels:Number of vessels:Number of vessels:Number of vessels: 3.124 VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):VESSEL TYPES (% TONNAGE):




ETC / total call (% TC): 100 100 100 100 100 145

Estimated / actual deferred call (% advance call): 35/ 35/ 35/35 35/35 35/35 30/30 30/30 30/30 30/30 20/65

General increases (%):* 0 0 2,5 7,5 7,5 5 5 5 12,5 15 * Applies to the mutual element of advance call only and not to the Group Excess of Loss reinsurance

Europe

Middle East

Americas


Other

0 %

200 %

400 %

600 %

800 %

'94 '99 '04 '09 '14

WoE

High

Average

Low

Tankers

Passengers

Dry Cargo

Others

16

P&IProvider profile

© Edge Group Holdings AS 2017

BergenEdge Norway / Edge Group

Solheimsgaten 15

5058 Bergen

Norway

Telephone: +47 5520 4400

OsloEdge Norway

Karenslyst Allé 55

N-0277 Oslo

Norway

Telephone: +47 2242 0540

LondonEdge London

Minster House

42 Mincing Lane

London EC3R 7AE

Telephone: +44 20 7459 9200

SingaporeEdge Singapore

96 Robinson Road

#17-03 SIF Building

Singapore 068899

Telephone: +65 6224 9970

HamburgEdge Germany

Weidestraße 122a, 22083

Hamburg

Germany

Telephone: +49 40 65066850

www.edgegroup.com

2016 p&i club review - edge edge homepageedgegroup.com/wp-content/uploads/2016/04/edge-pi... ·...

Documents