London P&I Club reports strengthened reserve outlook for 2004
Marine insurance mutual The London P&I Club's financial statements for the year ending February 20, 2004, have shown an improvement on previous years, with an increase in free reserves free reserves of 23 per cent to $101.9m (£56m) from $82.8m in 2002/3.
Free reserve levels are a useful gauge of a marine mutual insurer’s financial health, especially when viewed on a per-ton basis, said a company statement.The London Club, which is managed by A
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