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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)
2019 2018 2017
3,260 3,100 3,100
Total owned entered GT
2019 2018 2017
112,000,000 107,000,000 101,000,000
Total chartered GT
2019 2018 2017
19,000,000 20,000,000 15,000,000

Entered GT by region

Entered GT by region

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

  2019 2018
Income Calls and premiums 204,415 208,147
Excess Calls 0 0
Reinsurance Premiums -32,433 -30,507
Total Income 171,982 177,640
Expenditure Net claims incurred -164,941 -144,828
Net operating expenses -28,649 -25,666
Total expenditure -193,590 -170,494
Underwriting result pre investment/other financial income and tax -21,608 7,146
Investment/other financial income -1,251 64,552
Tax/interest charged -1,137 -1,183
Overall result -23,966 70,515
Free reserves 587,561 641,557

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2018
Rating A A
Outlook Stable Stable
Type of rating Interactive Interactive
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
General Increase % 5 5 5 12.5 2.5 2.5 2.5 0 0 0
Supplementary Call Record % 40/40 40/40 40/40 45/45 45/35 45/40 45/45 45/45 45/45 45/45
 

Release Call Percentage - as at 20th February 2019

2016 2017 2018 2019
0 0 0 0

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