2019 is again proving to be yet another challenging year for shipowners and, at first glance, the 2018 – 19 policy year was not a great year for the Clubs, with a $ 400 million decline in free reserves. That said, the high levels of investment income seen in the preceding years has allowed the Clubs to defer complex decisions in respect of falling premium rates, but the drop off in 2018–19 has brought this into sharper focus.
As the renewal season approaches, we hope that you will find our latest analysis of the Clubs’ financial position, market underwriting and the claims landscape informative.
