At the meeting on 2 April 2009 the Board of Directors made the following decisions in respect of the open policy years:
2006/2007
To close this year.
2007/2008
To close this year in the spring of 2010, subject to any adverse developments, without any further call being levied, and to amend the release call from 45% to 10%.
2008/2009
To not levy a supplementary call and to amend the release call for this year from 40% to 25%. This is a consequence of the year 2008/2009 producing a surplus on a technical basis and taking in consideration the impacts of the financial crisis and the development of claims.
2009/2010
To maintain the target set at the renewal for 2009/2010, which was to achieve a 0% supplementary call, and to set the release call for this policy year at 25%.
Yours sincerely,
The Swedish Club
Lars Rhodin