The Club’s Board has decided to call for unbudgeted supplementary calls on the last 3 open policy years (2019, 2020 and 2021) in order to address the underwriting deficit, which have resulted in combined loss ratios of 137% in 2019/20 and 136.7% in 2020/21. This is the first time since 2008 that the London Club raises Supplementary calls.

The Club will levy Supplementary calls as follows:

2019/20: 35% of Annual Call, payable on 31 December 2021

2020/21: 30% of Annual Call, payable on 31 March 2022

2021/22: 35% of Annual Call, payable on 31 July 2022

In addition release Calls have been updated:

2019/20: 5%

2020/21: 5%

2021/22: 15%

The Club has not announced the level of General Increase for 2022 yet.

Full details are available as per the Club’s circular.

Tagged with: , , , , , , , , , ,