New record high for P&I market reserves

Market P&I free reserves increased by 8.1% in 2017/18, to just under USD 5.4 billion.

20 February 2018 represented another new record high for net assets and free reserves in the IG system. The graph below displays the progression of net assets, outstanding claims and free reserves for the entire market over the last 19 years.

The combined market free reserve in 2018 is now nearly 2.4 times larger than it was following the equity crash
in 2008. Even though the world is currently in uncertain times, facing volatile stock markets and investment returns, the P&I market is considerably more resilient in 2018 than it was in 2008.

Market free reserve in 2018 is nearly 2.4 times larger than it was in 2008.”