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West of England combined ratio comes in at 114%

West of England P&I Club made a hefty underwriting loss for 2018-19, confirming a combined ratio of 114% in a financial highlights statement on its website, which omits mention of overall surplus or deficit. The outcome is blamed on an adverse large claims experience for the second year in succession

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‘The club remains cautious in its expectations of claims developments and has increased its reserving strength on the balance sheet,’ says marine mutual

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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