The Shipowners’ Club has released its Solvency and Financial Condition Report (SFCR) 2019.
The Club is pleased to report a Solvency ratio of 190% which, coupled with the Club’s S&P ‘A’ Credit rating, underlines the financial strength of the Club. As a mutual insurer organisation this strength allows the Club to write ‘business at cost’ and to continue to provide market leading P&I insurance service.
This report has been produced on a single Group basis, a fact which reflects that on a day-to-day basis the Club manages itself as a Group. Where it differs from that of the Group, this report also includes information about the Club on a standalone legal entity basis (‘Solo’) and about Spandilux S.A. (‘Spandilux’), a Luxembourg-domiciled reinsurance subsidiary of the Club.
