London Club combined ratio hits 140% after $26m deficit
The London P&I Club has joined the string of P&I clubs plunging into the red for the 2018/2019 financial year, with a deficit of $25.8m, pushing its combined ratio out to 140.1%, it said in a statement ahead of the publication of its full annual report
The main factor contributing to the loss was an increase in the cost of claims
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792
Request a Demo Getting a demo tailored to your needs is the best way to see how our solutions will help you gain an advantage.
Register for our free email digests: