TT Club’s surplus, reserves up in 2006
The Through Transport Club, a London-based provider of insurance and related risk management services for transport and logistics companies, pushed its total surplus and reserves to $118.6 million in 2006, while its net worth grew 8.6 percent to $136.4 million.
Gross earned premiums rose 5.1 percent to $206.8 million, but net claims incurred jumped 109 percent to $121.2 million due in part to an unexpected upturn in the value of large operational claims during the last four months of the year.