Reinsurance News

Skuld achieves 4.6% growth in 2020 P&I renewals

27th February 2020 - Author: Matt Sheehan

Marine insurer Skuld has achieved a 4.6% net increase in mutual P&I tonnage from 2019 to 2020, following the renewals that completed on February 20th.

Skuld logoSkuld’s continued growth at the renewals brings its mutual P&I tonnage to 95.3 million gross tonnes (GT).

In addition to the mutual P&I business, growth was also recorded in the commercial P&I business lines, which include charterers, offshore and fixed premium/yachts.

“We are very pleased to announce a successful renewal in our 123rd operating year, and to record another increase on our previous year’s gross tonnage,” said Skuld president and CEO Ståle Hansen.

“With 95.3 million GT at renewal and with more committed, we note that we will soon pass the GT 100 million mark. This success would not have been possible without the loyalty of our high-quality membership and the dedicated and co-ordinated teamwork across our network of offices and departments,” Hansen continued.

“Skuld’s strategic focus on diversification and sustainable growth through careful selection of quality tonnage contributes to a very strong and robust foundation for further growth in 2020 and beyond, and enables us to continue providing our members, clients and brokers with the service and competence they can rely on.”

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