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

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2017 2016 2015
3,359 3,124 3,046
Total owned entered GT
2017 2016 2015
82,500,000 73,600,000 68,400,000
Total chartered GT
2017 2016 2015
32,000,000 35,000,000 34,100,000

Entered GT by region

Entered GT by region

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

  2016 2015
Income Calls and premiums 221,849 227,614
Excess Calls 0 0
Reinsurance Premiums -40,172 -43,927
Total Income 181,677 183,687
Expenditure Net claims incurred -123,772 -118,072
Net operating expenses -34,688 -35,466
Total expenditure -158,460 -153,538
Underwriting result pre investment/other financial income and tax 23,217 30,149
Investment/other financial income 8,632 3,679
Tax/interest charged -1,998 -859
Overall result 29,851 32,969
Free reserves 306,512 276,661

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2016
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 0/0

Release Call Percentage

2015 2016 2017 2018
0% 10% 14.8% 7.4%