Closure of the 2013 policy year without additional call

To all Members,

At their meeting in Luxembourg on the 2 June 2016 the Board considered the open policy years and in particular the 2013 policy year, which is now three years old.

The 2013 policy year continues to carry a surplus and as a consequence the Board agreed that the year can be closed without additional call.

Furthermore, the Board considered the open policy years for 2014, 2015 and the current 2016 year and agreed to maintain a zero additional call estimate.

The Club’s policy of adopting a nil release call for all open years remains.