West Successfully Executes Highly Targeted Renewal Strategy
The West of England P&I Club has today announced its financial results for 2021. Thanks to the successful implementation of a planned renewal strategy built around necessary premium increases and selective de-risking, West is in a strong position to meet future challenges. An improved technical performance saw West’s combined ratio improve to 114%, despite a particularly challenging environment for the industry. Without Covid claims the reported combined ratio would have been below 101%. The Club’s Free Reserve is $251.2m and the capital position remains strong, with West’s solvency coverage is ...
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