Press releases & Circulars

Skuld Annual General Meeting 14 September 2023

Circular to all members

Skuld reports strong 2023/24 half-year result

We are pleased to report a positive half-year result of USD 40 million, compared with USD 18 million at the half-year in 2022/23. The solid result was driven by a strong technical result and a contribution from the investment portfolio.

Changes in Skuld leadership positions driven by growth and expansion

Skuld today announces several significant changes to its executive management and leadership team driven by the remarkable growth experienced in recent years and the high expectations for continued expansion in the future.

Committee Circular 2023

At its meeting at Four Seasons Resort and Residences, Napa Valley, California on 16 June 2023, the Committee was provided with an update from the management of the Association.

Review of Policy Years June 2023

At the Board meeting on 10 May 2023, the Board reviewed the policy years for the Association and decided on release calls for the open years. At the Committee meeting 16 June 2023, the Committee made a recommendation to the AGM to close the 2020 policy year. Please see further details on the review of policy years.

Skuld Bermuda Annual General Meeting 16 June 2023

At the Annual General Meeting of Skuld Mutual Protection and Indemnity Association (Bermuda) Limited ("the Bermuda Association") held at Four Seasons Resort and Residences, Napa Valley, California on 16 June 2023, members and clients received reports on matters of importance to the Bermuda Association’s business and annual elections were held.

S&P affirms Skuld’s ‘A’ rating with stable outlook

Skuld today is pleased to announce that Standard & Poor’s (S&P) has affirmed its 'A' rating on Assuranceforeningen Skuld (Gjensidig). The outlook is stable.

Skuld delivers solid result in 2022/23

Today, we proudly launch our Annual Report 2022/23, including both Financial and Sustainability reporting. President and CEO Ståle Hansen says: “We are delighted to issue our first integrated annual report, combining a highly successful financial result while also presenting significant achievements in our work within ESG and sustainability”.

Skuld Member Circular, 17 March 2023

The Skuld board of directors met in London on 16 March 2023 to review the outcome of the recent 2023/24 P&I renewals, as well as preliminary accounts for the financial year ending 20 February 2023.

Skuld continues strong growth in successful 2023/24 renewal

Skuld joins Maritime Anti-Corruption Network

Potential for Delays in the Contracting and Engagement of Salvage Services in Marine Casualties