UK P&I Club combined ratio improves in 2015

The UK P&I Club improved its combined ratio by 8 percentage
points to 92 percent in 2015, according to its annual report,
published today (11 May).
The result marked the sixth successive year that the club has
run close to or below breakeven.
Chairman Alan Olivier said strong underwriting and a benign
claims environment had allowed the club to reduce mutual premiums
by 2.5 percent.
The total cost of claims in 2015 was one of the lowest for a
decade,...