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CEO'S REPORT

What a year! - Last year's annual review stated clear goals for expanding our business. We have delivered.

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CHAIRMAN'S REPORT

Solid control - Brick by brick, Skuld continues to grow and build its reputation as a world-leading marine insurance provider through innovation, financial strength and the talents of its people.

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KEY FIGURES 2010

Well positioned for the future - The capitalisation of the club is stronger than ever, with a record high contingency reserve of USD 266 million.