PILOT°
by Latitude Brokers
Historical Data
West of England
S&P rating BBB+ (Oct 2022). Club Manager: West of England Insurance Services (Luxembourg) SA. Operational HQ: London. Asian Offices: Hong Kong and Singapore
COMPARE CLUB DATA
2017-18
2018-19
2019-20
2020-21
2021-22
General Increase on ETC
0.00
0.00
5.00
2.50
7.50
Percentage called of ETC
100.00
100.00
100.00
100.00
100.00
Release calls latest estimate
0.00
0.00
0.00
10.00
15.00
Owned GT (Millions)
83.6
90.5
93.8
101.9
106.9
Chartered GT (Millions)
27.5
30.0
43.8
43.1
47.5
Combined GT (Millions)
111.1
120.5
137.6
145.0
154.4
Total Call Income (US$ Millions)
203.2
206.3
209.3
229.4
248.7
Free Reserves (US$ Millions)
308.5
306.4
338.2
291.1
215.7
Combined Ratio
133.94
129.70
123.93
141.57
133.27
Investment Yield
4.01
3.67
5.97
3.61
-0.63
NOTES
Call Structure: from 20 Feb 2020 Total Mutual Call inclusive of GXL reinsurance costs as per Circular 7 2019/2020
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 2021-22 Tonnage
As per Policy Year 2021-22
Size Financials Membership
Owned GT (Millions)
106.9
Market Share of Owned GT
7.76%
Chartered GT (Millions)
47.5
Combined GT (Millions)
154.4
Free Reserves (US$ Millions)
251.7
Total Call Income (US$ Millions)
248.7
Free Reserves per Combined GT (US$)
1.6
Total Call Income per Combined GT (US$)
1.61
Free Reserves to Total Call Income Ratio
101%
Current 5-year average combined ratio
132%
Current 5-year average investment yield
3.13%
Last Unbudgeted Call
2008
Last Return of Call
Never
Europe 41.00% Asia Pacific 46.40% Americas 3.80% Rest of the World 8.80%
Bulkers 42.30% Containers / General Cargo 18.60% Offshore 0.00% Passengers 1.20% Tankers / Gas Carriers 35.00% Others 2.30%
% of Owned GT 69.24% % of Chartered GT 30.76%
COMPARE CLUB DATA
