The West of England P&I Club has reported a combined ratio of 103.9% for the 2024/25 financial year. It said this represented the impact of increased international group pool claims, but added that the club’s three-year average combined ratio of 98.4% was the best it had been for eight years.

Tom Bowsher (pictured), CEO of West Group, said: “Despite a challenging Pool claims environment, our fundamentals remained strong. Our capital strength, disciplined underwriting, and investment performance enabled us to deliver a resilient result. We are confident in our strategy and continue to position West for the future.”

He added: “West now provides a comprehensive suite of products to meet Members’ evolving needs, including West Hull, West War and Piracy Protection, which is further complimented by West’s acquisition of Nordic Marine Insurance, who have now entered the mainstream sectors of Hull & Machinery and Loss of Hire.”