The Japan Ship Owners’ Mutual Protection & Indemnity Association is to review ways of increasing its financial strength after ringing up a modest surplus through last year.<\/p>\n
The Tokyo-based club, which is experiencing tougher times than many of its international rivals, logged an increase of \u00a5310m ($3.9m) in its catastrophe reserve. A new financial strategy aimed at ensuring reserves are equal to at least a year’s net premium income is being developed to be put to members at the annual meeting in July.<\/p>\n
The “BBB” -rated club is also reviving a plan to raise up to \u00a58bn ($101m) through a subordinated loan. In a circular to members, the club is also indicating it aims to improve its underwriting performance by focussing on the quality of insured vessels while stepping up loss-prevention activities. The Japan Club says its new financial strategy will be “more streamlined and practical” than previous initiatives based on five-year plans.<\/p>\n
The club, which insures 2,450 oceangoing vessels of more than 87 million gt, as well as coastal and chartered vessels, saw its tonnage and net premiums fall last year. Claims paid increased but the club was able to reduce its provision for outstanding claims. The club has also been affected by foreign-exchange issues arising from the strong yen. Statutory requirements restrict the Japan Club to investing in “A” or higher rated government or corporate bonds, so it is locked out of the equity markets that usually deliver a higher return to other International Group P&I insurers. Japanese accountancy conventions make direct comparisons with Western rivals problematic but depending on how the figures are reworked, the overall free reserve of the Japan Club is around the $150m mark.<\/p>\n
The difficult trading environment and a run of expensive casualties led to the Japan Club warning members last year that there could be a cash call of as much as 30% on the 2010 policy year. But in the end it only required an extra 10% of premium and sought a relatively modest 3% general increase from oceangoing vessels at the February 2012 renewal.<\/p>\n
BY JIM MULRENAN LONDON
20 June 2012<\/p>\n
<\/p>\n
2011\u5e74\u65e5\u672c\u4fdd\u8d54\u534f\u4f1a\u5c0f\u6709\u76c8\u4f59<\/strong><\/span><\/p>\n \u65e5\u672c\u4fdd\u8d54\u534f\u4f1a\u5728\u7ee7\u53bb\u5e74\u5c0f\u6709\u76c8\u4f59\u4e4b\u540e\uff0c\u6b63\u5bfb\u6c42\u63d0\u9ad8\u81ea\u8eab\u8d22\u52a1\u5b9e\u529b\u7684\u65b9\u6cd5\u3002<\/p>\n \u603b\u90e8\u4f4d\u4e8e\u4e1c\u4eac\u7684\u65e5\u672c\u534f\u4f1a\uff0c\u76f8\u6bd4\u5176\u8bb8\u591a\u56fd\u9645\u7ade\u4e89\u5bf9\u624b\u800c\u8a00\uff0c\u6b63\u7ecf\u5386\u66f4\u4e3a\u56f0\u96be\u7684\u65f6\u671f\uff0c\u5176\u5df2\u7ecf\u589e\u52a0\u5de8\u707e\u50a8\u5907\u91d13.1\u4ebf\u65e5\u5143(390\u4e07\u7f8e\u5143)\u3002\u6b63\u5728\u5236\u5b9a\u4e2d\u7684\u65b0\u8d22\u52a1\u7b56\u7565\u65e8\u5728\u786e\u4fdd\u50a8\u5907\u91d1\u81f3\u5c11\u76f8\u5f53\u4e8e\u5f53\u5e74\u7684\u51c0\u4fdd\u8d39\u6536\u5165\uff0c\u5e76\u57287\u6708\u7684\u5e74\u4f1a\u4e0a\u544a\u77e5\u4f1a\u5458\u3002<\/p>\n \u76ee\u524d\u4e3aBBB\u7b49\u7ea7\u7684\u65e5\u672c\u534f\u4f1a\u6b63\u4fee\u6539\u8ba1\u5212\uff0c\u4ee5\u671f\u901a\u8fc7\u6b21\u7ea7\u8d37\u6b3e\u7b79\u96c680\u4ebf\u65e5\u5143\uff081.01\u4ebf\u7f8e\u5143\uff09\u8d44\u91d1\u3002\u5728\u81f4\u4f1a\u5458\u7684\u4e00\u4efd\u901a\u51fd\u4e2d\uff0c\u534f\u4f1a\u4e5f\u6307\u51fa\uff0c\u52a0\u5f3a\u9632\u635f\u63aa\u65bd\u7684\u540c\u65f6\uff0c\u8fd8\u8981\u5173\u6ce8\u6295\u4fdd\u8239\u8236\u8d44\u8d28\uff0c\u8fd9\u6837\u624d\u80fd\u63d0\u9ad8\u5176\u627f\u4fdd\u4e1a\u7ee9\u3002\u65e5\u672c\u534f\u4f1a\u79f0\uff0c\u5176\u65b0\u8d22\u52a1\u7b56\u7565\u5c06\u6bd4\u4e4b\u524d\u76845\u5e74\u8ba1\u5212\u65b9\u6848”\u66f4\u4e3a\u65b0\u9896\u548c\u5b9e\u9645” \u3002<\/p>\n \u53bb\u5e74\uff0c\u534f\u4f1a\u627f\u4fdd\u4e862450\u8258\u8fdc\u6d0b\u8239\uff0c\u603b\u5428\u8d85\u8fc78700\u4e07\uff0c\u4e0e\u6cbf\u6d77\u53ca\u79df\u8d41\u8239\u8236\u4e00\u6837\uff0c\u5428\u4f4d\u548c\u51c0\u4fdd\u8d39\u90fd\u6709\u6240\u4e0b\u964d\u3002\u5df2\u7ecf\u652f\u4ed8\u7684\u7d22\u8d54\u4e0a\u5347\u4e86\uff0c\u4f46\u534f\u4f1a\u6709\u80fd\u529b\u964d\u4f4e\u90a3\u4e9b\u672a\u51b3\u7d22\u8d54\u6848\u4ef6\u7684\u652f\u4ed8\u3002\u56e0\u65e5\u5143\u8d70\u5f3a\uff0c\u534f\u4f1a\u4ea6\u53d7\u5230\u5916\u6c47\u5f71\u54cd\u3002\u6cd5\u5f8b\u89c4\u5b9a\u9650\u5236\u65e5\u672c\u534f\u4f1a\u6295\u8d44A\u7ea7\u6216\u4ee5\u4e0a\u7b49\u7ea7\u653f\u5e9c\u6216\u4f01\u4e1a\u503a\u5238\uff0c\u56e0\u6b64\uff0c\u65e5\u672c\u534f\u4f1a\u88ab\u7f6e\u8eab\u4e8e\u4ea7\u6743\u6295\u8d44\u5e02\u573a\u4e4b\u5916\uff0c\u800c\u4ea7\u6743\u6295\u8d44\u5e02\u573a\u901a\u5e38\u53ef\u4ee5\u7ed9\u5176\u4ed6\u56fd\u9645\u4fdd\u8d54\u534f\u4f1a\u4fdd\u9669\u4eba\u83b7\u5f97\u76f8\u5bf9\u66f4\u9ad8\u7684\u6536\u76ca\u3002\u65e5\u672c\u7684\u4f1a\u8ba1\u5e08\u4e8b\u52a1\u6240\u5c06\u65e5\u672c\u534f\u4f1a\u4e0e\u897f\u65b9\u7ade\u4e89\u5bf9\u624b\u8fdb\u884c\u4e86\u76f4\u63a5\u7684\u6bd4\u8f83\uff0c\u53d1\u73b0\u65e5\u672c\u534f\u4f1a\u786e\u5b9e\u5b58\u5728\u95ee\u9898\uff0c\u4f46\u662f\u4e5f\u8981\u770b\u6570\u636e\u600e\u4e48\u5bf9\u6bd4\uff0c\u65e5\u672c\u4f1a\u603b\u81ea\u7531\u50a8\u5907\u91d1\u7ea61.5\u4ebf\u7f8e\u5143\u3002<\/p>\n \u4f4e\u8ff7\u7684\u8d38\u6613\u73af\u5883\u53ca\u6602\u8d35\u7684\u4eba\u5458\u4f24\u4ea1\u7d22\u8d54\u5bfc\u81f4\u65e5\u672c\u534f\u4f1a\u53bb\u5e74\u5411\u4f1a\u5458\u53d1\u51fa\u9884\u8b66\uff0c\u53ef\u80fd\u8981\u7b79\u96c6\u73b0\u91d1\uff0c\u8ffd\u52a02010\u4fdd\u9669\u5e74\u5ea630%\u7684\u4fdd\u8d39\u3002\u4f46\u6700\u7ec8\u4ec5\u8ffd\u7f34\u4e8610%\u7684\u989d\u5916\u4fdd\u8d39\uff0c\u57282012\u5e742\u6708\u7eed\u4fdd\u65f6\uff0c\u8fdc\u6d0b\u8239\u8236\u4fdd\u8d39\u666e\u8c03\u4ea6\u53ea\u67093%\u7684\u5c0f\u5e45\u589e\u957f\u3002<\/p>\n JIM MULRENAN \u4f26\u6566 The Japan Ship Owners’ Mutual Protection & Indemnity Association is to review ways of increasing its financial strength after ringing up a modest surplus through last year. The Tokyo-based club, which is experiencing tougher times than many of its international rivals, logged an increase of \u00a5310m ($3.9m) in its catastrophe reserve. A new financial strategy […]<\/p>","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[125],"class_list":["post-10387","post","type-post","status-publish","format-standard","hentry","category-circulars","tag-english"],"_links":{"self":[{"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/posts\/10387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/comments?post=10387"}],"version-history":[{"count":1,"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/posts\/10387\/revisions"}],"predecessor-version":[{"id":20255,"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/posts\/10387\/revisions\/20255"}],"wp:attachment":[{"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/media?parent=10387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/categories?post=10387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/andrewliu.com.hk\/zh\/wp-json\/wp\/v2\/tags?post=10387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
2012\u5e746\u670820\u65e5<\/p>\n
<\/strong><\/span><\/p>","protected":false},"excerpt":{"rendered":"