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West premiums up 9% on renewals

West P&I Tom Bowsher, West P&I Group CEO
West claimed a 6m gt increase across the year, including an additional 1.6m gt increase in tonnage from existing members and “several” new fleets.

Total mutual tonnage of 96m gt contributed to gross premiums of over $300m across all of West’s business lines.

Tom Bowsher, Group CEO, commented: “We are pleased to have concluded another successful renewal and especially one which has seen West achieve this important milestone in premium terms. We are extremely grateful to our members for their continued support, which places the Club in a strong financial position going forward.

"Service remains our key focus however and we have continued to strengthen our teams globally to ensure we deliver the high-quality service our members expect of West. This is further enhanced by the broad range of complementary products and services offered by our partners Nordic, Astaara and Qwest, all of which have likewise seen positive progress throughout the year.”

 

TAGS: Europe