Mitsui Sumitomo to offer fixed-premium P&I insurance with Skuld

Press release

Published: 25 October 2013

Mitsui Sumitomo Insurance Company (MSI), one of the largest insurance companies in the world, and Skuld, a leading marine insurance provider, are pleased to announce a new co-operation that will allow MSI to offer a bluewater fixed-premium P&I product to the Japanese ship-owning community. Both parties have long been recognised for their market-leading service.

MSI will provide P&I insurance and claims handling to the domestic market, with the backing of Skuld.

Skuld CEO Douglas Jacobsohn said: "This arrangement is seen by both parties as adding an innovative and exciting new dimension to the Japanese bluewater P&I market. MSI has the very best platform and reputation in the Japanese shipping market. This co-operation is expected to last for many years and together we envisage building a significant commercial relationship that will benefit both parties, and the Japanese shipping community."