PILOT° by Latitude Brokers

Historical Data

West of England
S&P rating A-. Club Manager: West of England Insurance Services (Luxembourg) SA. Operational HQ: London. Asian Offices: Hong Kong and Singapore
COMPARE CLUB DATA
2018-19 2017-18 2016-17 2015-16 2014-15 2013-14
General Increase on ETC 0.00 0.00 0.00 2.50 7.50 7.50
Percentage called of ETC 100.00 100.00 100.00 100.00 100.00 100.00
Release calls latest estimate 15.00 7.40 0.00 0.00 0.00 0.00
Owned GT (Millions) 90.6 83.7 73.4 68.4 59.2 53.7
Chartered GT (Millions) 30.0 27.5 25.0 23.0 22.0 20.0
Combined GT (Millions) 120.6 111.2 98.4 91.4 81.2 73.7
Total Call Income (US$ Millions) n/a 201.6 208.5 216.1 207.6 195.9
Free Reserves (US$ Millions) n/a 308.5 306.5 276.7 243.7 216.2
Combined Ratio n/a 140.04 99.12 109.88 84.84 113.10
Investment Yield n/a 3.01 2.56 1.53 3.70 3.34

NOTES

General Increase on ETC: until 2017 PY, the General increase is charged on the Advance Call excluding GXL reinsurance costs

Call Structure: until 2017 PY Advance Call & Deferred Call. Deferred Call currently set at 35% of Advance Call

As per Circular 17 2017/2018, from 2018 PY, the Club will charge Total Mutual calls at inception, payable in 5 instalments, and any Increase will be applied on the Total Mutual Calls.

Key Development Statistics
PY 2017-18 Tonnage
As per Policy Year 2017-18
Owned GT (Millions) 83.7
Market Share of Owned GT 6.88%
Chartered GT (Millions) 27.5
Combined GT (Millions) 111.2
Free Reserves (US$ Millions) 308.5
Total Call Income (US$ Millions) 201.6
Free Reserves per Combined GT (US$) 2.8
Total Call Income per Combined GT (US$) 1.81
Free Reserves to Total Call Income Ratio 153%
Current 5-year average combined ratio 109%
Current 5-year average investment yield 2.83%
Last Unbudgeted Call 2008
Last Return of Call Never
 
Europe45.80%
Asia Pacific37.60%
Americas5.70%
Rest of the World10.90%
 
Bulkers37.40%
Containers / General Cargo28.40%
Offshore0.00%
Passengers1.80%
Tankers / Gas Carriers31.20%
Others1.20%
 
% of Owned GT75.27%
% of Chartered GT24.73%
COMPARE CLUB DATA

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