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Club Finances

Mid Year Review 2009 - Highlights

  • Owned entered tonnage increased by 3.2 million GT since 20th February
  • Overall increase in renewal premium approximately 13.5%
  • Standard increase for 2010/11 set at 5% for Class 1 P&I. No standard increase for FD&D
  • Investment income earned to date of US$ 47.2 million equivalent to a return of 8%
  • Prior year release US$ 16.1 million confirming conservative IBNR estimating policy
  • Projected increase in free reserves by year end of over US$ 50 million
 Management Highlights
 
2009 Management Highlights

 Report & Accounts
 
2009 Report and Accounts

  • The Steamship Mutual Underwriting Assocaition (Bermuda) Limited, The Steamship Mutual Underwriting Association Limited and The Steamship Mutual Trust
  • Report of Directors
  • Policy Year Statements
  • Consolidated Financial Statements
  • Notes on the Accounts
  • Report of the Independent Auditors
 
 Mid Year Review
 
2009 Mid Year Review

  • Highlights and Overview
  • Underwriting
  • Reinsurance
  • Claims
  • Investments
  • Regulatory Capital 
 Financial Strength Ratings
 
Financial Ratings

 

 

  • BBB+ interactive rating from S&P

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