Release Calls

The Board agrees releases calls taking into account the financial outturn in any given policy year in addition to the risk factors set out in Clause 8 of the 2013 International Group Agreement, namely premium risk, catastrophe risk, reserve risk, counter-party default risk, market risk and operational risk. The release call percentages reflect the risk that it may be necessary for the Club to make an unbudgeted supplementary call. The release call percentages are reviewed in May and November of each year, to take account of the Club's position at the year end and half year development stage.

Policy
Year

May
2019

Nov
2018

May
2018

May
2017

Nov
2016

May
2016

Mar
2016

Nov
2015

May
2015

Nov
2014

May
2014

May
2013

2019/20 15% 15% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
2018/19 5% 15% 15% n/a n/a n/a n/a n/a n/a n/a n/a  n/a
2017/18 0% 0% 5% 15% 20% n/a n/a n/a n/a n/a n/a  n/a
2016/17 0% 0% 0% 5% 15% 15% 20% 20% n/a n/a n/a  n/a 
2015/16 0% 0% 0% 0% 5% 5% 5%  20%  20% n/a n/a  n/a 
2014/15 0% 0% 0% 0% 5% 5% 5% 5%  10%  20% 20% n/a 
2013/14 0% 0% 0% 0% 0% 0% 0%  0%  5%  5%  5%  20%