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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)
2019 2018 2017
1,314 1,198 1,085
Total owned entered GT
2019 2018 2017
48,644,003 45,212,340 43,939,278
Total chartered GT
2019 2018 2017
16,000,000 12,000,000 9,807,896

Entered GT by region

Entered GT by region

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

  2019 2018
Income Calls and premiums 104,896 101,728
Excess Calls 0 0
Reinsurance Premiums -19,347 -20,393
Total Income 85,549 81,336
Expenditure Net claims incurred -104,019 -83,902
Net operating expenses -13,644 -12,655
Total expenditure -117,663 -96,556
Underwriting result pre investment/other financial income and tax -32,114 -15,221
Investment/other financial income 8,176 22,077
Tax/interest charged -301 -225
Overall result -24,238 6,631
Free reserves 168,842 194,641

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2018
Rating BBB BBB
Outlook Negative Stable
Type of rating Interactive Interactive
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
General Increase % 15 5 5 5 12.5 10 5 0 0 0
Supplementary Call Record % 40/40 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0

Release Call Percentage - as at February 2019

2016 2017 2018 2019
12.5% 15% 15% 15%

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