Liability Risk and Insurance
The Shipowners' Club reports increase in free reserves
The Shipowners’ Club, the specialist P&I insurer to the smaller vessel sector, has announced an increase of 39% in free reserves
and a combined ratio of 85% for the year-end February 2011. Gross earned premiums increased to $196.8 million, up 13% on last
year, and an underwriting surplus of $25.2 million.