United Kingdom
P&I Portal

London Club

The London Steamship Owners’ Mutual Insurance Association Limited A
Bilbrough & Co Ltd, 50 Leman Street, London E1 8HQ, UK
londonpandi.com t +44 (0)20 7772 8000

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2017 2016 2015
1,085 1,063 1,019
Total owned entered GT
2017 2016 2015
43,939,278 44,686,756 43,474,809
Total chartered GT
2017 2016 2015
9,807,896 7,319,457 7,064,573

Entered GT by region

Entered GT by region

Income Statement (year ending - 20th February) USD 000s

  2017 2016
Income Calls and premiums 102,891 110,072
Excess Calls 0 0
Reinsurance Premiums 20,181 22,670
Total Income 82,710 87,402
Expenditure Net claims incurred 69,472 60,129
Net operating expenses 11,542 11,954
Total expenditure 81,014 72,083
Underwriting result pre investment/other financial income and tax 1,696 15,319
Investment/other financial income 25,861 -11,882
Tax/interest charged 252 144
Overall result 27,305 3,293
Free reserves 188,012 160,707

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2016
Rating BBB BBB
Outlook Stable Stable
Type of rating S&P S&P
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Increase % 5 5 5 12.5 10 6 5 0 0
Supplementary Call Record % 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0

Release Call Percentage

2014 2015 2016 2017 2018
- 5% 12.5% 15% 15%