West of England - positive about the future
The West of England, a mutual marine insurer, has announced a positive renewal period and a modest increase in renewing premium. Owned mutual tonnage has grown over the year to 90 million gross tons (gt) including the addition of new members at renewal and a further 1.5 million gt has already been committed to the Club for the forthcoming policy year.
Continued performance by the Club in key markets - including Europe and Asia - means that total entered tonnage is now forecast to grow to 132 million gt during the 2019/2020 policy year, and there was also a particularly positive renewal for its fixed premium offering.
The Club’s operations have been further enhanced by newly-opened offices in Singapore and New York, which complement the regional service centres in Hong Kong, Greece and London. (kd)