Steamship Mutual returns US$39m to Members, taking total returns to US$198m over the past 10 years

AI Summary

Steamship Mutual’s board approved a US$39 million distribution to members for its February 2027 renewal, bringing returns over the past decade to US$198 million. The club also reported that claims for the 2026/27 policy year had improved compared with the same period a year earlier.

Steamship Mutual has reaffirmed its commitment to its Members with the Board approving a distribution of 10%, equivalent to US$39m, as part of its February 2027 renewal. At the eight-month point, the Club’s claims for the 2026/27 policy year show significant improvement on the corresponding position last year. At six months, four claims were reported ...