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Circulars – FD&D – No: 36/2011

FD&D Insurance – Policy years 2008, 2009, 2010 and 2011 – Supplementary and Release Calls

At the meeting on 31 March 2011 the Board of Directors made the following decisions in respect of the open policy years:

2008/2009
To close this year.

2009/2010
To close this year in the spring of 2012 as the result is stable and anticipated to produce a small technical surplus, and to amend the release call from 25% to 10%.

2010/2011
To not levy a supplementary call, and to amend the release call from 25% to 15%.

2011/2012
To maintain the target set at the renewal for 2011/2012, which was to achieve a 0% supplementary call. To set the release call for this policy year at 25%.