Circular to all members
At the Annual General Meeting of Assuranceforeningen Skuld (Gjensidig) held in Oslo, Norway on 3 September 2026, members and clients received reports on matters of importance in relation to the Association’s business. Furthermore, annual elections were held.
1. 2025/2026 Financial Year
The Financial Statements of the Association for the year ending on 20 February 2026 were approved by the Annual General Meeting.
2. Review of Policy Years
2023 Policy Year: The Annual General Meeting decided to close the 2023 policy year without supplementary calls.
2024 Policy Year: The year will be kept open until 2027.
2025 Policy Year: The year will be kept open until 2028.
Release Calls (applicable as of 3 September 2026)
2023: Closed
2024: Release call reduced to 7.5%
2025: Release call reduced to 10%
2026: Release call maintained at 15%
3. Elections
3.1 Elected members of the Members' Committee of Assuranceforeningen Skuld (Gjensidig)
Members of the Members' Committee are elected at the Annual General Meeting in accordance with Statute 1.3.3 and 1.4.1.
a) The following persons were elected as new members for a one-year period until the Annual General Meeting in 2027:
Torben Grünwoldt
Oldendorff Carriers, Hamburg, Germany
Øystein Kalleklev
Cool Company / Eastern Pacific Shipping, Singapore/Oslo, Norway
Rachmat Koentjoro
PT Lumoso Pratama Line / PT Tanto Intim Line, Jakarta Utara, Indonesia
Njål Sævik
Havila Shipping ASA, Fosnavåg, Norway
b) The following person was re-elected as President of the Committee for a one-year period until the Annual General Meeting 2027:
Ulrich Niebusch
German Tanker Shipping GmbH & Co., Bremen, Germany
c) The following person was re-elected as Vice President of the Committee for a one-year period until the Annual General Meeting 2027:
Odd-Christian Krohn
Fred. Olsen & Co, Oslo, Norway
d) The following person had resigned from the Members' Committee:
Marc Duck
Eastern Pacific Shipping (UK) Ltd., London, UK
Gong Xiqian
China P&I Management, Beijing, China
(On 12 June 2026, Byoungil Kang, Corinne Vintner and Mark Jansen were elected to the Boards of the Norwegian Association and the Bermuda Association and will no longer serve on the Committee.)
After the election, the Committee comprises the following persons:
Ulrich Niebusch (President)
German Tanker Shipping GmbH & Co, KG, Bremen, Germany
Odd-Christian Krohn (Vice President)
Fred. Olsen & Co, Oslo, Norway
Arjun Batra
Anchor SM (Singapore) Pte., Singapore
Laura Hodges Bethge
Royal Caribbean Group, Miami, USA
Capt. Hu Bin
China Merchants Energy Shipping Company Ltd., Hong Kong
Nils Otto Bjørhovde
Saga Shipholding (Norway) AS, Hong Kong / Norway
Andrew Choy
Yinson Production, Global/Singapore
John Dragnis
Goldenport Holdings Inc., Athens, Greece
Gao Michael Tianyu
HOSCO HK Limited, Hong Kong
Torben Grünwoldt
Oldendorff Carriers, Hamburg, Germany
Tayfun Günerhan
Densay Shipping and Trading, Istanbul, Turkey
Todd Jordan
Transocean, Houston, USA
Ralph S. Juhl
Hafnia Tankers, Denmark and Singapore
Øystein Kalleklev
Cool Company / Eastern Pacific Shipping, Singapore/Oslo, Norway
Gökhan Kiran
Kiran Holding A.S., Istanbul, Turkey
Rachmat Koentjoro
PT Lumoso Pratama Line / PT Tanto Intim Line, Jakarta Utara, Indonesia
Jan-Lars Kruse
Hartmann Reederei, Leer, Germany
LU Zhongzhi, William
BG Shipping Co., Limited, Hong Kong
Brian McKenna
Irish Continental Group, Dublin, Ireland
Iraklis Prokopakis
Danaos Corporation, Limassol, Cyprus
Marthe Romskoug
WWL, Lysaker, Norway
Synnøve Seglem
Knutsen OAS Shipping AS, Haugesund, Norway
Njål Sævik
Havila Shipping ASA, Fosnavåg, Norway
Felix H. Tschudi
Tschudi Arctic Transit AS, Lysaker, Norway
Christopher Walker
Frontline Management, Oslo, Norway
XU Jie, Judith
Gentco Logistics Co., Ltd., Shanghai
3.2 Elected Members of the Nomination Committee of Assuranceforeningen Skuld (Gjensidig)
Members of the Nomination Committee are elected at the Annual General Meeting in accordance with Statute 1.3.4 and 1.9.1. The Nomination Committee consists of the President of the Members' Committee and three members elected by the Annual General Meeting.
a) The following members were re-elected for a one-year period until the Annual General Meeting in 2027:
Felix H. Tschudi
Christopher Walker
b) The following person retired from the Nomination Committee:
Mark Jansen
c) The following person was elected to the Nomination Committee:
Arjun Batra
After the elections, the Nomination Committee comprises of the following persons:
Ulrich Niebusch (President of the Committee)
Arjun Batra
Felix H. Tschudi
Christopher Walker
3.3 Board elections
At the Committee Meeting on 12 June 2026, the Committee elected the Board of Directors for Assuranceforeningen Skuld (Gjensidig). All sitting Directors were re-elected, in addition to Byoungil Kang and Corinne Vintner. The AGM further endorsed the Board election. Martin Larsen is elected new Chair of the Board and the AGM thanked the outgoing Chair, Klaus Kjærulff, for his outstanding efforts and commitment to Skuld over the years.
4. Amendments to the Statutes
In light of Skuld’s continued diversification and growth, the purpose clause Article 1.1 – Foundation and Purpose of Skuld’s Statutes was reviewed by the AGM.
The purpose clause has historically reflected Skuld’s provision of marine insurance related to floating structures. At the Board meeting on 7 May 2026, the Board endorsed that the purpose clause be updated to reflect the Association’s recent expansion into areas such as energy and offshore wind, while also allowing for the development of additional insurance products in the future, provided such activities remain within the Association’s authorised classes of insurance.
Any amendment to a financial institution’s Statutes relating to its purpose is subject to approval by the Norwegian Financial Supervisory Authority (NFSA). Accordingly, the proposed amendment is conditional upon, and subject to, approval by the NFSA.
The amendments to the Statutes 2027 were approved by the Annual General Meeting.
Yours faithfully
Assuranceforeningen Skuld (Gjensidig)
Ståle Hansen
President and CEO