Home News and Resources News News 01 Dec, 2020 Robust financial performance recognised by S&P Tom Bowsher Group CEO The Club’s Robust Financial Performance Recognised by Standard & Poor’s with Reaffirmed A- Rating and a Stable Outlook Download PDF On 30 November 2020, Standard & Poor's (S&P) ratings services reaffirmed its 'A-' rating of The West of England Ship Owners Mutual Insurance Association (Luxembourg). The outlook is stable. At a time when the market conditions are challenging and S&P have a stated negative view of the P&I sector, the reaffirmation of the West’s rating is a positive confirmation of both the Club’s recent competitive performance and capital strength. S&P highlights its conclusions and reports that: The Club is well-capitalised in excess of the AAA benchmark under their risk-based capital model The Club's brand and reputation has significantly improved over recent years They expect that West will maintain capitalisation in excess of their 'AAA' confidence level over the next two-to-three years Download the report here. West-of-England-Ship-Owners-Mutual-Insurance-Association-(Luxembourg) PDF (537.1 KB) Share this