Skuld announces positive 2015 P&I renewals

Press release

Published: 27 February 2015

Skuld today announced the signing of an additional 10 million Gross Tonnes (GT) following the mutual P&I renewals which were completed on 20 February. In a very competitive market Skuld attracted new mutual business from new and existing members.

Ståle Hansen, Skuld President and CEO, said: "The 2015 renewals demonstrate that we have a solid base of loyal members who not only renew their policies with Skuld but who also bring new tonnage into the club. On top of that, attracting new and high-quality members and welcoming some previous members back proves that Skuld is an attractive partner in the marine insurance market."

The outcome of the 2015 mutual P&I renewals reflected growth in all markets for Skuld, particularly in Scandinavia and Asia. In addition, there was a strong entry of charterers and FDD insurance.

On the commercial P&I side Skuld saw particularly strong growth in the Asian offshore portfolio.

Hansen added: "Skuld's long term strategy of growth and diversification is paying off. We will continue to deliver the best possible service and competence that our members and clients can rely on."