Iran Conflict
We have launched an Iran Conflict area on our website, providing consolidated updates and guidance in response to the rapidly evolving situation.
As one of the largest maritime insurance companies in the world, our robust financial framework ensures we have the financial resources, strength and stability to deliver on our promises for comprehensive support and complete peace of mind.
Read our financial statements and reports, including our Annual Review and Pre-Renewal Report here.
Key Performance Indicators
Financial highlights at 20 February 2024
Financial Reporting
Find out more on our Annual Reviews, Pre-Renewal Reports and Regulatory Reporting.
Release Calls
Updated each May and November, our release calls reflect our financial position at the half-year and year-end stages, and the potential for making an unbudgeted supplementary call.
Decided and agreed by the Board, these release calls consider the financial outturn in any policy year. They also take into account the risk factors set out in Clause 8 of the 2020 International Group Agreement - premium risk, catastrophe risk, reserve risk, counter-party default risk, market risk and operational risk.
Summary Release Calls for the P&I, FD&D/Defence, War Risks, Coastal & Inland and Strike & Delay Classes:
Policy Year | P&I Class | FD&D/Defence Class | War Risks | Coastal & Inland | Strike & Delay |
2024/25 | 12.5% | 12.5% | 0% | 0% | 10% |
2023/24 | 5% | 5% | 0% | 0% | 5% |
2022/23 | 0% | 0% | 0% | 0% | n/a |
