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Facts and figures

Main products:
Owners' Mutual P&I and Defence, Charterers' Liability and Defence, Skuld Yachts, Skuld Fixed P&I, Offshore Liability.
Through Skuld Marine Agency: Hull and Machinery, Increased Value/Hull Interest, Freight Interest, War Risks, Loss of Hire and Building Risks.
Through Skuld 1897, our Syndicate at Lloyd's: Hull and Machinery, Energy, Cargo, Ports and Terminals and Marine Liabilities.

Offices:
Oslo (Head Office), Bergen, Copenhagen, Hamburg, Hong Kong, London, New York, Piraeus and Singapore

President and CEO:  Ståle Hansen

Number of employees:  270

Credits and strengths rating: 
Standard & Poor's report August 2017:  'A' Stable Outlook

Solvency and Financial Condition Report (SFRC):
Please see SFRC as of 21 August 2017 and Attachment to SFRC.
  

5 year summary:

Policy year  2012/13 2013/14 2014/15  2015/16  2016/17
Gross written premium
USD mill 
 317.9  379.4 411.2 414.8 403.2
Technical result
USD mill 
 1.0  4.0 0.8 22.0 9.2
Result
USD mill 
17.5  29.1  13.5 13.0 45.8
Contingency Reserve
USD mill 
308.4  334.5  347.7 348.2 394.1
Total assets
USD mill 
757.9  856.0  903.7 918.6 1,000.5
Investment return  3.0% 5.4% 1.9% -1.6% 3.4%
Combined ratio  99.9%  98.8%  99.8%  95.0% 98.0%
AER  12.3%  12.3%  12.9%  12.8% 12.8%
S&P rating  A A A
P&I GT (TW)
mill 
72  75  74 78 85
Charterers premium
USD mill 
47  55  50 50 38

 
Share of pool:
  4.7%

Release calls:

Policy Year Aug 2011 Aug 2012 Aug 2013 May 2014 Nov 2014  Aug 2015  Nov 2016 Sep 2017
2009/10  10% - - - - - - -
2010/11  25% 5% - - - - - -
2011/12  25% 7.5% 3% 0% - - - -
2012/13    15% 8% 0% 0% - - -
2013/14      14% 0% 0% 0% - -
2014/15        15% 10% 5% 0% -
2015/16          15% 15% 3% 3%
 2016/17              4% 7.5%
 2017/18              5% 15%

 
Skuld P&I and Skuld 1897 are approved eligible surplus lines insurers in the US - NAIC IID List, see link.

For further information, please see Annual Reviews and Accounts (including six-month and nine-month reports).