Standard reports strong 2021/22 ahead of North merger
The Standard Club, a leading shipping protection and indemnity mutual insurer, has published its Annual Report 2022, revealing a significant improvement in its combined ratio. In 2021/2022 the club achieved a combined ratio of 105% on premiums of $294m, compared with a 2020/21 ratio of 121%. A defensive investment strategy limited the impact on the club’s finances, with a return on investments dropping to -1.2%. The club’s free reserves are still well in excess of regulatory requirements and stand at $310m. On 27 May approval was given by members to ...
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