Calls - Class 5 - Protecting & Indemnity (5.38)

This circular explains London P&I's decisions on Advance, Deferred, Additional and Release Calls for open policy years, together with the position for the 2009/2010 policy year.

London P&I sets out the impact of higher claims, weaker investment conditions and the need to restore free reserves to a more comfortable level under the stronger capital requirements expected under Solvency II.