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

2018

May

2017

Nov

2016

May

2016

Mar

2016

Nov

2015

May

2015

Nov

2014

May

2014

May

2013

May

2012

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