Facts & Figures

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

325

Credits and strengths rating

Standard & Poor's report June 2023: 'A

Solvency and Financial Condition Report (SFCR)

Please see SFCR year-end 2023/24 and Attachment to SFCR 2023/24   

Previous years

SFCR year-end 2022/23 and Attachment to SFCR 2022/23

SFCR year-end 2021/22 and Attachment to SFCR 2021/22 

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

Three-month accounts

Three-month accounts 2023/24 

5 years summary

Financial year  2018/19 2019/20 2020/21 2021/22 2022/23
Gross written premium USD mill  401.6  390.8 390.8 419.5 473
Technical result USD mill  8.0  -35.2 -30.1 -30.3 15
Result USD mill  10.7 25.5 24.6 -15 31.8
Contingency Reserve USD mill  452.7 465.8 459.1 430.1 445
Total assets USD mill  1 040.1 1 067.1 1 081.0 1 116.0 1 157.5
Investment return   0% 5.5% 9.8% -0.4 0.3%
Combined ratio  98% 109% 108% 107% 97%
AER  12.8%  13% 12.6% 12.4% 12.7%
S&P rating  A  A A A A
Policy year          
P&I GT (TW) mill  89  93  98 99 95
Charterers premium USD mill  51  54  50 52 56
Commercial gross premium USD mill 197 206 192 218 247

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).