Subscribe to RSS feedClub boosts reserve as premiums and tonnage rise
by
Steve Matthews, London
—
last modified
Sep 02, 2010 10:54 AM
NORTH P&I Club increased its free reserve by US$29.2m in the 2009/2010 year, following a fall of US$8.9m in the previous year.
Its 2010 management report says that it started the 2010 policy year with its highest free reserve to date, US$240.3m.
Thisw as assisted by a 12% increase in premiums to US$285.1m. It implemented a 5% premium rise.
Chairman...
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