Marine P&I Confidential December 2012
The North of England has issued its second annual pre-renewal report outlining its half year results for the period ended 20th August 2012. A combined ratio of 112.5% is being projected for the full year, in contrast to the 78.8% recorded just two years ago.
The investment yield for the period to 20th August 2012 is a solid US$ 10.3 million but this has been undermined by a significant increase in claims, both the Club’s own and its share of the International Group Pool bill.
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