Marine insurance provider Skuld has reported a highly successful renewal of its protection and indemnity (P&I) policies for 2023/24, with mutual P&I gross tonnage increasing by 7.8% to a record 103.3 million.
The firm states that all mutual P&I renewal targets set by the board were met, alongside substantial growth in other lines of business, including hull and machinery, charterers, offshore/energy and FDD.
Ståle Hansen, Skuld president and CEO, commented, “We are delighted to again have successfully renewed our P&I policies, aligned with all growth targets.
“This is a testament to our commitment to providing our clients with comprehensive, reliable, and cost-effective insurance solutions, combined with exceptional service levels. We remain grateful for the loyalty demonstrated by our membership.”
Hansen continued, “Our experienced team of underwriters and claims handlers look forward to working closely with our members, brokers, and clients to identify and mitigate potential risks and ensuring prompt and fair claims settlements in the years to come.
“I extend my gratitude to the dedicated team efforts made by all Skuld colleagues involved in this year’s successful renewal, as we continue providing our members, clients and brokers with second-to-none service, making sure that they can all rest assured with Skuld.”
