Finance

The Company’s objectives are to provide protection to policyholders where the scope of cover has been tailored to meet specific needs, and to achieve and maintain the highest standards of service.

This requires cover to be provided at an economic premium which is fair and reasonable to cover both the attendant risks and other costs of the Company as are relevant from time to time; and to provide a timely and informed response in resolving the losses of policyholders.

"Lomond Laird" is a passenger craft operating on Loch Lomond, Scotland. During severe weather conditions she broke her moorings and became partially flooded.She was subsequently refloated for repair.

Stability and continuity are cornerstones to this strategy. Stability of financial strength to withstand market conditions and unforeseen events, and continuity of cover, Membership, counterparty relationships and employees are all important elements in maintaining price and service stability in the Company's niche markets.

A PDF copy of the Directors' Report & Financial Statements can be found in our News & Publications section, or a printed version can be obtained from the Company's registered office. Please email lg@smmi.co.uk or write to our Media Officer at the address shown on the panel to the right.