Steamship Mutual returns US$39m to Members, taking total returns to US$198m over the past 10 years

Steamship Mutual has reaffirmed its commitment to its Members with the Board approving a distribution of 10%, equivalent to US$39m, as part of its February 2027 renewal.

At the eight-month point, the Club’s claims for the 2026/27 policy year show significant improvement on the corresponding position last year.

At six months, four claims were reported to the IG Pool that exceed Club retention.

The Club’s claims for prior years have been better than expected across all areas of its business alongside favourable prior IG Pool claims development.

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