The London P&I Club said its financial statements for the year ending 20 February 2004 showed further improvements in its finances.
It said highlights of its performance included a 23% increase in its free reserves, up from $82.8m in 2002/3 to $101.9m for 2003/4.
The club said this increase brought its free reserves to almost $4 per entered ton.
It said it was also greatly encouraged by the low level of claims during the year, reaching its lowest level for 20 years.
Investment income also recovered substantially, and produced the best return on assets for five years, said the club.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
