Shipowners' Mutual posts 94.6% COR after strategic withdrawal
Marine mutual Shipowners Club posted a combined ratio of 94.6% for the 12 months to February 2015, amid high business retention levels and increased membership numbers.
Tonnage at the P&I Club remained consistent, resulting in an increase in gross premiums, while earned premiums were down slightly on the prior year to $211.1m (2014: $ 213.1m)
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