The TT Club, a provider of insurance and risk management services to the international transport and logistics industry, has reported another successful year for its financial year 2003. combined ratio - the underlying operating performance. 18% from US$326.3 million) were at their highest for five years. increased 10% from US$62.8 million to US$69.3 million. million to US$17.1 million. improvement of US$2.3 million. commented Sir David Thomson, Chairman of the TT Club. three-year quota share reinsurance with the same Group. transferring its business to the joint venture partner, BV-Unicon. results positive. minus rating as quickly as possible," he said.