At the meeting on 27 March 2014 the Board of Directors made the following decisions in respect of the open policy years:

2011/2012
To close this year.

2012/2013
To close this year in the spring of 2015, subject to there being no adverse developments, without any further call being levied, and to keep the release call at 7.5%.

2013/2014
To not levy a supplementary call, and to amend the release call for this year to 12.5%.

2014/2015
To maintain the target set at the renewal for 2014/2015, which was to achieve a 0% supplementary call. To keep the release call for this policy year at 20%.

The Club has considered objective actuarial information regarding various risks including premium risk, reserve risk and market risk both in ascertaining the level of the release call percentage and also for assessing the risk that the published level of the expected premium may be exceeded. 

Release calls for the last five years have developed as follows:

	2014	2013	2012	2011	2010	2009
2009/10			Close	10%	25%	25%
2010/11		Close	5%	15%	25%
2011/12	Close	10%	20%	25%
2012/13	7.5%	20%	25%
2013/14	12.5%	20%
2014/15	20%