P&I Club reports $6.6m surplus
The London P&I Club produced a surplus of $6.6m (£3.9m) for the 2013/14 financial year as well increasing its free reserve to $160.6m.
The management team said an increase in claims costs within the club's "retained layers" were driven by an increase in the cost of higher-severity claims.
The London Club recorded a return on invested
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