The Racing Club was established in 1976 and membership was initially made up from a numbeer of mainly disparate individuals whose only common pastime was the fact that they all drank in the East India Arms, then a Young's pub, in Fenchurch Street, in the City of London (EC3). By far the majority were employed in the London insurance market - most of them in Lloyd's of London - a fact that is still true today (2011).
Membership in recent years has hovered around the twenty mark. A number of individuals have left to follow careers elsewhere and they have been replaced by new members. Election is by invitation and a new member is invariably an individual who is known to the existing members and whom it is perceived will 'fit'.
Careers and marriage over the years have caused regular socialising to be less of an event but there are three occasions each year at which all members, circumstances permitting, meet: The Club annual dinner in February; the annual general meeting on, or around 1 April; and invitation golf day - usually in September for the The Racing Club 'Bandit Bowl'.
This latter event has achieved somehwat of a cachet in the Lloyd's and London insurance market and it is by regular invitation that a guest is considered for possible candidacy as a member.