The London P&I Club - 2012/13 Financial Year (5.473)

This circular gives Members an advance summary of London P&I’s results for the 2012/13 financial year, ahead of the Annual Report due in July. It covers the year-end surplus, claims experience, investment return and membership changes.

London P&I reports a surplus across all Classes, a stronger free reserve, continued pressure in the International Group pooling layers and positive investment performance.