Jump to content Jump to search

Facts and figures

Main products:
Owners' Mutual P&I and Defence, Charterers' Liability and Defence, Skuld Yachts, Skuld Fixed P&I, Offshore Liability - and 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:  262

Credits and strengths rating: Standard & Poor's:  'A' Stable Outlook,
latest update August 2016, see report.

5 year summary:

Policy year 2011/12 2012/13 2013/14 2014/15  2015/16
Gross written premium
USD mill
300.0  317.9  379.4 411.2 410.0
Technical result
USD mill
11.7  1.0  4.0 0.8 22.1
Result
USD mill
24.4  17.5  29.1  13.5 13.0
Contingency Reserve
USD mill
291.4  308.4  334.5  347.7 348.2
Total assets
USD mill
722.7  757.9  856.0  903.7 918.6
Investment return  2.6% 3.0% 5.4% 1.9% -1.6%
Combined ratio 95.5%  99.9%  98.8%  99.8%  95.0%
AER 12.4%  12.3%  12.3%  12.9%  12.8%
S&P rating A-  A A
P&I GT (TW)
mill
65  72  75  74 78
Charterers premium
USD mill
52 47  55  50 50

 
Share of pool:
  4.4%

Release calls:

Policy Year Aug 2010 Aug 2011 Aug 2012 Aug 2013 May 2014 Nov 2014  Aug 2015  Nov 2016
2009/10 25% 10% - - - - - -
2010/11 25% 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%
 2016/17               4%
 2017/18               5%

 
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) and Skuld figures presentation.