United Kingdom
P&I Portal

West of England

West of England Ship Owners Mutual Insurance Association (Luxembourg) Tower Bridge Court
226 Tower Bridge Road, London, SE1 2UP, UK
westpandi.com t +44 (0)20 7716 6000

Managers: Self-Managed

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2018 2017 2016
3,690 3,396 3,124
Total owned entered GT
2018 2017 2016
92,200,000 83,700,000 73,600,000
Total chartered GT
2018 2017 2016
37,000,000 32,000,000 35,000,000

Entered GT by region

Entered GT by region

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

  2018 2017
Income Calls and premiums 213,797 221,849
Excess Calls 0 0
Reinsurance Premiums -37,496 -40,172
Total Income 176,301 181,677
Expenditure Net claims incurred -169,143 -123,772
Net operating expenses -35,392 -34,688
Total expenditure -204,535 -158,460
Underwriting result pre investment/other financial income and tax -28,234 23,217
Investment/other financial income 31,465 8,632
Tax/interest charged -1,210 -1,998
Overall result 2,021 29,851
Free reserves 308,533 306,512

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 7.5 7.5 2.5 0 0 0
Supplementary Call Record % 30/30 30/30 30/30 35/35 35/35 35/35 35/35 35/35 -/-

Release Call Percentage - as at June 2018

2015 2016 2017 2018
0% 0% 7.4% 15%