Shipowners’ Club records improved COR at half year stage
Marine mutual insurer The Shipowners’ Club has delivered an improved half year combined ratio of 87% to August this year (2014: 95.5%), with a small underwriting surplus of $12.9m (£8.4m) on the 2015 policy year (2014: $4.6m).
Premiums for the period were $118m, with $120.3m delivered at the end of the 2014 year.
The number of claims filed has fallen slightly but the trend over the past decade has shown this isn't
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