Closure of the 2023 policy year without additional call
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- Closure of the 2023 policy year without additional call
4 Jun 2026
To all Members,
At their meeting on the 4 June 2026 the Board considered the open policy years and in particular the 2023 policy year, which is now three years old.
Whilst the 2023 policy year is currently forecast to produce an underwriting loss, the Board noted the Club’s overall strong capital position and therefore agreed that the year can be closed without additional call.
Furthermore, the Board considered the open policy years for 2024, 2025 and the current 2026 year and agreed to maintain a nil additional call estimate.
The Club’s policy of adopting a nil release call for all open years remains.