UK Club has said in its initial renewal report that it continued to enjoy the continued support of its membership, with 99% of members renewing. The combined mutual owned and chartered tonnage has passed 260m gt, following an increase in mutual owned tonnage to 152.5m tonnes.
UK Club CEO Andrew Taylor said that “whilst we remain cautious about the challenges the marine insurance sector faces, we are pleased that our long term financial stability and diversified offering continue to be attractive to our Members, evidenced by this positive renewal for the Club.”
The Club will be publishing a detailed report including key financial indicators later in 2023 as part of the usual package of year-end financial statements.