Reinsurance News

Skuld reveals 9.4% growth in 2018 P&I renewals

26th February 2018 - Author: Staff Writer

Marine insurer Skuld has revealed a 9.4% net increase in mutual P&I gross tonnage from 2017 to 2018 following January renewals which completed on 20th February.

Skuld logoSkuld’s continued growth in the January renewals brings its mutual P&I tonnage to 92 million gross tonnes (GT), and includes committed tonnage for delivery throughout 2018.

Ståle Hansen, Skuld president and Chief Executive Officer, said; “in a very competitive market we are pleased to conclude a successful renewal in our 121st operating year, and to record another increase on our previous year’s gross tonnage.

“It is the combined efforts from all our three business platforms, Skuld P&I, Skuld 1897 and Skuld SMA, and the co-ordinated teamwork through shared competence among all our offices and departments that enables us to guarantee the bespoke service level that Skuld stands behind. We are very pleased to offer competitive terms to our loyal membership as well as welcoming new quality members and clients to our organisation.

“Skuld’s overall focus on sustainable growth through careful selection of quality tonnage contributes to a very strong and robust foundation for further growth in 2018 and beyond, and enables us to continue providing our members, clients and brokers with the service and competence they can rely on.”

Skuld also announced continued growth in all commercial P&I business lines, including charterers, offshore and fixed premium/yachts.

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