United Kingdom
P&I Portal

Britannia

The Britannia Steam Ship Insurance Association Limited
45 King William Street, London, EC4R 9AN, UK
britanniapandi.com t +44 (0)20 7407 3588

Managers: Tindall Riley (Britannia) Limited

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2018 2017 2016
3,200 3,100 3,600
Total owned entered GT
2018 2017 2016
107,000,000 101,000,000 106,000,000
Total chartered GT
2018 2017 2016
20,000,000 15,000,000 36,000,000

Entered GT by region

Entered GT by region

Income Statement (year ending February) USD 000s

  2018 2017
Income Calls and premiums 208,147 225,854
Excess Calls 0 0
Reinsurance Premiums -30,507 -39,498
Total Income 177,640 186,356
Expenditure Net claims incurred -114,828 -114,789
Net operating expenses -25,666 -25,719
Total expenditure -170,494 -140,508
Underwriting result pre investment/other financial income and tax -7,146 45,848
Investment/other financial income 64,552 43,387
Tax/interest charged -1,183 -889
Overall result -70,515 88,346
Free reserves 641,557 601,042

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2017
Rating A A
Outlook Stable Stable
Type of rating Interactive Interactive
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Increase % 5 5 5 10.5 8.1 2.5 2.5 0 0
Supplementary Call Record % 40/40 40/40 40/40 45/45 45/35 45/40 45/45 45/45 45/45

*In 2016 the club returned USD 15 million.

**In 2017 the club retuned USD 30 million.

 

Release Call Percentage - as at June 2018

2015 2016 2017 2018
0 0 0 0