The rating agency has recently concluded their annual review and published a press release stating that Skuld’s outlook has been changed to Positive.

S&P writes: “Assuranceforeningen SKULD (Gjensidig) continues to outperform its peers in terms of underwriting performance. We are therefore revising the outlook to positive from stable.”

“The positive outlook reflects Skuld's strong underwriting track record and our ensuing expectation that Skuld will maintain capital adequacy at least at a strong level. We therefore expect the combined ratio to remain at the lower end of the IG average over the medium term.”

“We believe that Skuld's recent setting up of its own syndicate within Lloyd's of London has the potential to constitute a strong differentiating factor relative to the club's peers.”

Please follow this link to the full press release.