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SafeShore - the small exposure Longshore programSafeShore is the small exposure Longshore program backed by Signal Mutual Indemnity Association to support waterfront employers whose limited exposures are not eligible for full entry into the Association.Find out more
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Working with Members to eliminate safety hazardsOur Members have taken advantage of our safety benefits, and as a result, have seen improvements in incident rates thereby saving money.View our safety resources
A membership of quality over quantityOur Member selection process consists of seeking quality over quantity by identifying the top prospects, and retaining them over the long term.View our introductory guide
Measurably betterAll of the Association's key performance indicators continue to show positive improvement and we are happy to report that our results continue to be measurably better. Find out more
Clearer communication through Signal's General meetingsGet direct answers to questions about the management systems and operation of the Association. Our next meeting is January 30-February 1, 2020.Book your place

Welcome to Signal

A Message from Justin Gardner,
EVP & Chief Underwriting Officer

Justin Gardner 2019Before reporting on the very successful 2019/20 Membership Year renewal, it is worth taking a moment to memorialize the completion of an exceptional 2018/19 Membership Year. Reported Payroll and Call both reached record highs of $4.59 billion (+7.3%) and $219.5 million (+5.3%) driven by strong organic growth across all business segments. Year on year through the first 12 months, claims frequency reduced 7.0% but severity mimicked the trend of recent years and increased by 2.65%. The overall claims picture, adjusting for growth in the portfolio, reduced by 4.5%, a welcome performance and testament to the hard work of the Association’s adjusters, claims managers and safety team members.

The 2019/20 Membership Year renewal has built upon the success of the prior year, sustaining the outstanding track record of healthy payroll growth, an unparalleled Member retention ratio and 17 consecutive years of average rate reductions. In addition to running the normal renewal machinery the Signal underwriting team also implemented two significant changes at 10/1; new vendors and structure for the Mutual’s companion state act program and a revision to the coverage grant for incidental Maritime Employer’s Liability (MEL). The implementation process benefited greatly from in person renewal meetings with over 75% of the Membership (+85% by payroll). Disappointingly, four Members decided to leave the Mutual at 10/1 but the impact was offset by the acceptance of two new Members. Despite its major overhaul, there was no net change to the utilization of the companion state act program and early feedback on its performance has been positive.

The good news extended to our reinsurance program which was renewed with an increased in occurrence limit of $250 million including full coverage for nuclear, biological, chemical and radiological events which was previously limited to $100 million. Even with these improvements and an increasingly inhospitable London reinsurance market, a small exposure adjusted rate decrease was also achieved.

While, like a fine wine, the ultimate quality of a Membership Year takes many years to confirm, all signs from the 19/20 Membership Year renewal indicate an exceptional vintage. This is only possible through the hard work of many people. I want to personally extend my thanks to the Underwriting, MSR, Actuarial, Claims, Safety and Sage teams. Your work ethic and teamwork are inspiring and produced the excellent result that Members and the Association have come to expect.

We are all grateful to the Signal Mutual Membership who make this Club such a uniquely successful organization. We are looking forward to seeing you and your families at the 2020 Membership meetings. More details of the recent renewal will be provided at the upcoming General Meeting in January, and we encourage Members to take advantage of Underwriter’s Office Hours and schedule an appointment to share feedback, ask questions or even start discussing next year’s renewal.

2019/20 MY renewal statistics:

• 98.3% Member retention ratio

• $4.57 billion projected Payroll, +3.65% increase
   over the 2018/19 projected Payroll

• $215 million projected Call

• 4.69% average rate, a 1.8% decrease
  versus prior year

• 58% of the Membership received a
   renewal rate reduction

• 10.42% preliminary Supplementary Call estimate


Signal Celebrates 35 Years

Thirty-five years ago in Bermuda, a few enterprising waterfront employers came together to forge a mutual to save on the cost of their workers' compensation. Signal Mutual was formed and the savings continue today with over 250 Members. All key performance indicators are at all-time highs and are projected to grow, with the principal focus on the safety of Members' employees.


Signal Mutual Membership Meetings

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At Signal, we pride ourselves in having a close personal working relationship and partnership with all our Members. We are committed to getting to know each and every one of you. At the heart of this commitment, are the two Membership meetings held in winter and summer each year.  These business meetings are carefully designed and structured to give every Member an opportunity to fully understand the complete workings of their Mutual, to follow the finances, and to get acquainted with the entire Board of Directors, management team, and fellow Members.

Signal is the number one provider of Longshore workers’ compensation in the country for a reason – the strength and quality of the Membership. Signal is not an insurance company – it is a Club, your Club.

We look forward to seeing you at the next Membership meeting. 

Richard W. Wood
President & CEO


Save the Date - Signal Events


January 30-February 1, 2020
The Ritz-Carlton Golf Resort
Naples, FL


May 18-20, 2020
Hilton Norfolk The Main
Norfolk, VA


August 6-8, 2020
Grand Hyatt Kauai Resort & Spa
Koloa, Kauai, HI


Signal Mutual Indemnity Association Ltd was established in January 1986 to meet the demands of the stevedoring industry for reasonable and stable workers' compensation insurance rates, and quickly became the premier Longshore mutual in the United States.

The Membership of the Association is drawn from a broad range of employers throughout the country in the stevedoring, shipbuilding/ship repair, marine construction, professional/technical and offshore industries with reported Longshore payrolls over $4.00 billion representing over 250 companies.

The business of the Association, including membership selection, underwriting, safety resources, claims management, actuarial, regulatory requirements and financial risk management is performed by the Association's Managers, Charles Taylor (Hamilton). The day to day responsibility for these operations has been delegated to Charles Taylor's affiliate, Signal Administration, with offices in Dallas Texas, Wilton Connecticut, and Long Beach California.

Recent Updates

New! Signal Operational Alerts Released!10 February, 2020

“Operational Alert” is developed to inform Members of a serious incident reported by other Members that resulted in a permanent disability or death in our industry

Temporary Worker Initiative: Safety and Health in Shipyard Employment11 December, 2019

OSHA's Temporary Worker Initiative is a great resource.

Safety Committee Meeting- Minutes Posted

Find out what Your Safety Committee Members have been working on!

Signal Incubator Project11 October, 2019

Signal Incubator projects are supported by Signal Mangers, Signal’s Safety Committee, and the Association’s Board of Directors to promote the evaluation of products and services that have the potential to reduce risk and elevate overall member performance.

Safety Committee Corner Articles15 October, 2019

Safety and Wellness Articles from Signal Safety Committee members.

Signal offers online safety training video library from Training Network NOW!8 October, 2019

We are very excited to announce the launch of a new avenue for members to access safety training video content. CD’s and DVD’s still have their place but it is clear that streaming content is the way of the present and the future.

2018 Annual Report

Signal’s Annual Report & Financial Statements for 2018

PMA Presents 15 January, 2019

PMA Presents Training Videos

NMSA Presents 15 January, 2019

NMSA Presents Video Resources

ILA-USMX Joint Safety Committee OSH Circular Available1 January, 2019

The ILA-USMX Joint Safety The ILA-USMX Joint Safety Committee (JSC) has released their November Circular (JSC) has released their November C

New: Focus on Safety Discussions10 October, 2018

Focus on Safety Discussions is a great tool provided to help Members conduct safety-related meetings with subjects that are relevant to Member industries.

New Solutions at Work: "SAW'" Available17 September, 2018

Members share ideas and best practices with each other in their continuing journey to overcome safety and health challenges.

Signal Mutual Members want YOUR solutions to reduce worker injuries!21 September, 2018

Signal Mutual Members want YOUR solutions to reduce worker injuries!

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