Financial Update including Supplementary/Deferred and Release Calls (5.336)

London P&I reports an improvement in its financial position, with free reserves up 23% and claims performance for the 2003/4 policy year at a 20-year low. The circular also sets out the current status of supplementary, deferred and release calls for open policy years in the P&I and FD&D classes.

It also notes continued controlled tonnage growth, stronger investment income and the latest call arrangements for the 2001/2002 to 2004/2005 policy years.