Main products:
- Owners' Mutual P&I and Defence
- Hull and Machinery plus ancillary products including Loss of Hire
- Charterers' Liability and Defence
- Skuld Yacht P&I
- Skuld Fixed P&I
- Offshore P&I and Offshore Energy products including liability and physical damage
Offices: Oslo (Head Office), Bergen, Bermuda, Copenhagen, Hamburg, Hong Kong, London, New York, Piraeus, Singapore and Tokyo
President and CEO: Ståle Hansen
Number of employees: 298
Credits and strengths rating:
Standard & Poor's report July 2022: 'A'
Solvency and Financial Condition Report (SFCR):
Please see SFCR year-end 2021/22 and Attachment to SFCR 2021/22
Three-month acounts 2022/23
Previous years:
SFCR year-end 2020/21 and Attachment to SFCR 2020/21
SFCR year-end 2019/20 and Attachment to SFCR 2019/20
SFCR year-end 2018/19 and Attachment to SFCR 2018/19
SFCR year-end 2017/18 and Attachment to SFCR 2017/18
5 year summary:
| Financial year | 2017/18 | 2018/19 | 2019/20 | 2020/21 | 2021/22 | |
| Gross written premium USD mill | 412.7 | 401.6 | 390.8 | 390.8 | 419.5 | |
| Technical result USD mill | 11.6 | 8.0 | -35.2 | -30.1 | -30.3 | |
| Result USD mill | 48.0 | 10.7 | 25.5 | 24.6 | -15 | |
| Contingency Reserve USD mill | 442.0 | 452.7 | 465.8 | 459.1 | 430.1 | |
| Total assets USD mill | 1 070.1 | 1 040.1 | 1067.1 | 1081.0 | 1116.0 | |
| Investment return | 7% | 0% | 5.5% | 9.8% | -0.4 | |
| Combined ratio | 97.0% | 98% | 109% | 108% | 107% | |
| AER | 12.7% | 12.8% | 13% | 12.6% | 12.4% | |
| S&P rating | A | A | A | A | A | |
| Policy year | ||||||
| P&I GT (TW) mill | 90 | 89 | 93 | 98 | 99 | |
| Charterers premium USD mill | 50 | 51 | 54 | 50 | 52 | |
| Commercial gross premium USD mill | 221 | 197 | 206 | 192 | 218 | |
Release calls:
| Policy Year | May 2019 | Nov 2019 | Nov 2020 | Nov 2021 | Nov 2022 | |
| 2019/20 | 15% | 15% | 10% | 7.5% | - | |
| 2020/21 | 15% | 15% | 10% | 7.5% | ||
| 2021/22 | 15% | 15% | 10% | |||
| 2022/23 | 15% | 15% | ||||
| 2023/24 | 15% | |||||
Skuld is an approved eligible surplus lines insurer in the US - NAIC IID List, see link.
For further information, please see our Financial Reports page (Annual Reviews and Accounts, including half year and nine-month reports).