The TT Club which insures liner shipping risks - including land side exposures, the boxes, as well as ports and terminals - is exposed to natural catastrophes and was hit by Super Storm Sandy in 2012. In contrast there were only small claims from Typhoon Haiyan that devastated the Philippines in November.
The surplus is the highest since the 2010 year and lifts the free reserve of the club, including a subordinated loan of $29m that qualifies as hybrid capital, to $161.6m.
The
