Reinsurance News
Skuld
Skuld reports successful outcome for 2026/27 mutual P&I renewal
24th February 2026
Marine insurance provider Skuld has reported a successful and robust outcome for the 2026/27 mutual P&I renewal, reflecting disciplined underwriting, firm market positioning, and continued support both from existing and new members. Skuld owners’ mutual P&I book of business grew to 128 million gross tonnage (GT), representing a 6% increase in ... Read the full article
Leandros Kotsakis to succeed Kjell-Åke Augustsson as Head of Skuld Piraeus
17th June 2025
Global marine insurer Skuld has announced that Kjell-Åke Augustsson will retire as Senior Vice President, Head of Skuld Piraeus, on 28th February 2026, with Leandros Kotsakis set to assume leadership of the Piraeus office from 1st March 2026. Augustsson first joined Skuld in 1990 and served as an underwriter for 10 ... Read the full article
FY 24/25 results show Skuld profit on premium and investment gains
12th May 2025
Skuld, a global marine insurer, reported a solid financial result of USD 21 million for the financial year ending 20 February 2025. Despite a more demanding claims environment, the company’s performance was underpinned by a significant rise in gross earned premium and strong investment income across multiple asset classes. Gross earned premium ... Read the full article
Skuld appoints Thea Thorstensen & Nicola Kingman to key roles
11th April 2025
Global marine insurer Skuld has appointed Thea Thorstensen to its global business development team and Nicola Kingman as Global Head of Yachts. Thorstensen has been with Skuld for over a decade, holding various roles including Underwriter Executive, VP, Head of Underwriting for Skuld Oslo1, and most recently Senior Vice President, Head ... Read the full article
Skuld reports strong P&I policy renewal and continued growth for 2025/26
27th February 2025
Skuld, a global marine insurer, has announced the successful renewal of its protection and indemnity (P&I) policies for the 2025/26 policy year. The company has welcomed a significant number of new members, increasing its entered mutual P&I gross tonnage (GT) by 6% as of 20 February. This figure does not include ... Read the full article
Skuld appoints Matthew Bayman as SVP of Business Development
1st August 2024
Marine insurance provider Skuld has announced the appointment of Matthew Bayman as Senior Vice President (SVP) of Business Development, effective early 2025. Bayman will report directly to Gregory Thomas, Chief Business Development Officer at Skuld. In his new role, Bayman will collaborate closely with Skuld’s underwriting and business development teams across all ... Read the full article
Continued strong performance to support growth target at renewal: Skuld
20th November 2023
Discussing the upcoming P&I renewal for the policy year starting 20 February 2024, Skuld's Board of Directors noted that the firm's growth strategy is working, contributing positively to its overall performance, with premium income expected to surpass $500 million at year-end. Skuld's Board of Directors met in Hamilton, Bermuda, on 15 ... Read the full article
Skuld announces several leadership changes
23rd August 2023
Marine insurer Skuld has announced several important changes to its leadership team driven by growth and the expectation of continued future expansion. According to Ståle Hansen, Skuld president and CEO, the company is in an excellent position to accelerate on further growth and believes that these management changes are essential ... Read the full article
Skuld posts $32 million in 2022/23
12th May 2023
Marine insurance provider, Skuld, has reported $32 million for the year ended February 20, 2023, with a positive technical result of $15 million. The combined ratio improved year-on-year to 97%, Skuld noted. A strong 2022/23 renewal with portfolio growth both in mutual and commercial lines of business contributed to a growth in ... Read the full article
Skuld continues growth in “highly successful” 2023/24 renewal
23rd February 2023
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 ... Read the full article
Anna Erlandsen named VP, Underwriter of Skuld Hull
4th January 2023
Marine insurance provider, Skuld, has appointed Anna F. Erlandsen as vice president, underwriter, Skuld Hull. Erlandsen’s appointment will come into effect on April 3, 2023. Overall, Erlandsen brings nearly two decades of global marine insurance experience towards the role. Most recently, she served as head of the Oslo office for Norwegian Hull Club. ... Read the full article
Skuld reports positive nine month result amid amiable claims environment
19th December 2022
Marine insurance provider Skuld has reported a positive result of $13.4 million for the first nine months of the 2022/23 financial year, an improvement of $33.9 million compared with the same period last year. According to the firm, gross premium and calls ended at $350.5 million, an increase of $41.5 million ... Read the full article
Skuld reports positive $18m result for H1 in significant year-on-year improvement
16th September 2022
Marine insurance provider, Skuld, has reported a positive bottom-line result of $18 million for the first six months of its 2022/23 financial year, compared with negative $24.9 million from the same period last year. The company noted that the outcome was mainly driven by a positive technical result, along with a ... Read the full article
Skuld announces senior appointments within London office
23rd September 2021
Marine insurer Skuld has made senior appointments within its London office, naming Matthew Burton as senior vice-president (SVP), global business development. Burton will report to chief business development officer, Gregory Thomas. Thomas said: “Matt’s new role really seeks to emphasise our overall growth ambitions on a global level. “His work in Skuld London ... Read the full article
Skuld achieves 5.5% growth in 2021 P&I renewals
24th February 2021
Marine insurer Skuld has announced that its mutual P&I gross tonnage (G) increased by 5.5% to 101 million following its renewals for the 2021 period. The company also increased its market share across all other lines of business, including hull and energy and all aspects of its commercial P&I operations. "We are ... Read the full article
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