Dear Oleg

Thanks for Tma S1 - you scored an impressive 98%.

The only answer where I have a comment is for Q19, where the excess supplementary call would only be applied in very exceptional circumstances, and in normal circumstances any excess of claims over premium would be met by use of free reserves, or more normally controlled by the use of reinsurance. North of England has not imposed an excess supplementary call for many many years.

Two changes have been made to levels of cover recently, an individual club's retention is now $6 million and the upper limit of the IG reinsurance contract is about $2.05 billion.

Tony Baker
Manager - North Insurance Management Ltd
As Managers on behalf of the North of England P&I Association Limited
tony.baker@nepia.com