The Board of Directors have highlighted the positive impact of the Club’s growth strategy on premium income, the absence of large claims and therefore continue to expect positive underwriting results.

However in view of inflation and volatility in the investment markets, the Club is targeting a 5% increase on Estimated Total Call for 2024, based on assessment and adjustment of each Member according to their performance.

Adjustment to the IG Clubs GXL reinsurance programme will be added separately.

Release calls have been fixed as follows:

2021/22: 7.5%

2022/23: 10%

2023/24: 15%

2024/25: 15%

Full details of the Club’s position are available in their Circular.