The West of England Club is to remain focused on being a traditional mutual protection-and-indemnity (P&I) insurer and is not tempted to use members’ capital for other purposes.
Club chairman Francis Sarre says a strategy review earlier this year set the objective of the club as continuing to provide cost-effective, sustainable and high-quality cover to members.
“We remain open to the possibility of some form of diversification in future, provided it does not expose club capital to inappropriate risks and provided it can be demonstrably of benefit to our members,” Sarre said.
