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

Managers: A Bilbrough & Co Ltd

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2018 2017 2016
1,198 1,085 1,063
Total owned entered GT
2018 2017 2016
45,212,340 43,939,278 44,686,756
Total chartered GT
2018 2017 2016
12,000,000 9,807,896 7,319,457

Entered GT by region

Entered GT by region

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

  2018 2017
Income Calls and premiums 101,728 102,891
Excess Calls 0 0
Reinsurance Premiums -20,393 -20,181
Total Income 81,336 82,710
Expenditure Net claims incurred -83,902 -69,472
Net operating expenses -12,655 -11,542
Total expenditure -96,556 -81,014
Underwriting result pre investment/other financial income and tax -15,221 1,696
Investment/other financial income 22,077 25,861
Tax/interest charged -225 -252
Overall result 6,631 27,305
Free reserves 194,641 188,012

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2017
Rating BBB BBB
Outlook Stable Stable
Type of rating Interactive Interactive
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Increase % 15 5 5 5 12.5 10 6 5 0
Supplementary Call Record % 40/40 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0

Release Call Percentage - as at June 2018

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