We have developed our strategic goals by assessing our competitive position, risk appetite, regulatory environment, capital strength and Own Risk and Solvency Assessment (ORSA).
Our strategic goals
Delivering on these strategic goals, alongside our Vision, Mission and Values, enables us to be the number one market leader in the small and specialist vessel sector.
Over the long term, to maintain steady growth in premium without ever sacrificing our underwriting disciplines – business proudly written for the mutual benefit of the Club.
Capital adequacy and risk management
To maintain a strong Balance Sheet to support independence including an A credit rating and a capital adequacy rating of AA/AAA, and to satisfy compliance and regulatory requirements.
Priority will be placed on business retention and nurturing our key broker relationships.
Achieve more with what we have – improve service and increase growth with same resources.
Members, brokers, employees and markets to recognise the Club’s brand and understand its brand differentiators.
Recruit, train and retain people who are technically outstanding, imaginative and committed to offering the highest service levels.
Collaboration between branches and departments to provide a joined up approach to delivering initiatives.
Standard & Poor's rating
The Club's current 'A' (Stable outlook) rating from Standard & Poor's underlines our financial strength. As a mutual organisation, this strength allows the Club to write business 'at cost', and to continue to provide a market-leading P&I insurance service.