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
Size Financials Membership
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
Europe 45.80% Asia Pacific 37.60% Americas 5.70% Rest of the World 10.90%
Bulkers 37.40% Containers / General Cargo 28.40% Offshore 0.00% Passengers 1.80% Tankers / Gas Carriers 31.20% Others 1.20%
% of Owned GT 75.27% % of Chartered GT 24.73%
COMPARE CLUB DATA
