A more stable financial outlook is forecast for the United Kingdom Mutual Steamship Assurance Association, with the Standard & Poor’s (S&P) rating agency hailing progress made.
The underwriting result and capitalisation of the protection-and-indemnity (P&I) club is forecast to be maintained at recent stronger levels through 2015 to 2017, with S&P noting that “great strides” have been made in improving the performance over recent years.
The
