Annual report and financial statements for the year ended 31 December 2019

"I am very pleased to report to you on the progress your Club has made in 2019. This was a year in which losses for the insurance industry fell back into line with the long term average, after the high levels of losses in the previous two years. 

It was also a year in which some improvement was noticed in the general insurance rating environment largely as a result of action taken by insurers in the London market to correct adverse loss ratio experience. The Club to an extent is set apart from these events and markets, focusing not on providing capacity for catastrophic losses nor on profitability, but rather on delivering stability of price and excellence in claims and loss prevention service to you as Members. The change in the environment has, however, benefited the Club, most noticeably in the new business performance in the year..."

Ulrich Kranich, Chairman.