Reinsurance News
Skuld
Skuld appoints Naaman Jensen SVP, Head of NY operations
3rd September 2020
Leading marine insurer Skuld has appointed Åse Naaman Jensen to the role of senior vice president, head of Skuld New York. Naaman Jensen succeeds the retiring Charles Anderson and, to ensure a smooth transition, will work in parallel with him until she taking over full responsibility on 21 February 2021. Naaman Jensen ... Read the full article
Skuld agrees sale of Lloyd’s Syndicate 1897 to RiverStone
2nd June 2020
Marine insurer Skuld has reached an agreement with The RiverStone Group for the sale of its Lloyd’s Syndicate 1897, which was placed into run-off in July 2019. The transaction is subject to regulatory approval. Following a competitive process which began in autumn 2019, Skuld selected RiverStone as run-off provider for Syndicate ... Read the full article
Skuld reports mixed fiscal 2020 results as CR hits 109%
15th May 2020
Marine insurer Skuld fell to its first negative technical result in 16 years as it’s combined ratio for the fiscal year hit 109%. This negative development was driven by a number of mid-sized and large claims, as well as one-off costs associated with previous year closure of Skuld’s Lloyd’s syndicate 1897. Skuld’s ... Read the full article
Skuld makes changes to London management team
11th March 2020
Marine insurer Skuld has announced some changes to its London management team, including the relocation of Chief Business Development Officer, Gregory Thomas to Norway from London. Thomas' relocation is effective July 1st and from the Oslo headquarters, he will continue to drive the developments of Skuld's global commercial business. At the same ... Read the full article
Skuld achieves 4.6% growth in 2020 P&I renewals
27th February 2020
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’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 ... Read the full article
Skuld & Concirrus partner on marine loss prevention
28th August 2019
Skuld, the Oslo-based marine insurer, has partnered with insurtech firm Concirrus to deploy its behaviour-based data analytics platform, Quest Marine. By integrating the platform with its business systems, Skuld will be able to identify suspicious loss behaviour, develop risk monitoring insights, and advise its members on ways to reduce risk. Advice will ... Read the full article
Skuld names Hilde Søbstad Løvskar as Chief Legal Officer
11th March 2019
Skuld, the Oslo-based marine insurer, has announced the appointment of Hilde Søbstad Løvskar as Chief Legal Officer. Løvskar now heads the corporate legal department and joins the company’s executive management team. Most recently, Løvskar served as Corporate Legal Counsel at Skuld. In this role she was also the company secretary and worked ... Read the full article
Skuld to exit Lloyd’s in July
1st March 2019
Marine insurer Skuld is to cease underwriting business from its Lloyd’s Syndicate 1897 from 1 July 2019 in an effort to improve profitability. Skuld will instead underwrite all hull and offshore energy business on the A-rated corporate paper of Skuld Assuranceforeningen, through Skuld UK in London and SMA in Oslo. “Our overriding ... Read the full article
Skuld’s growth continues in spite of challenging P&I market
1st March 2019
Marine insurer Skuld experienced a positive renewals with 4.3% net increases in mutual Protection & Indemnity (P&I) gross tonnage year-on-year, from 2018 to 2019, which, includes committed tonnage for delivery through 2019. Finalised on February 20th, 2019, Skuld's committed mutual P&I tonnage now stands at 95 million gross tonnes, as the ... Read the full article
Skuld reveals 9.4% growth in 2018 P&I renewals
26th February 2018
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'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, ... Read the full article
Skuld appoints Rachael Simpson to SVP of London P&I Operations
13th December 2017
Marine insurer Skuld has named Rachael Simpson as Senior Vice President (SVP) of London P&I Operations, with effect from March, 2018. Simpson will report to Matthew Burton, Head of London P&I, and will focus on business development throughout North America. Ståle Hansen, Skuld President and Chief Executive Officer (CEO), said; "The North American ... Read the full article
Claes Lindh to step down from Skuld’s exec management team
22nd November 2017
Provider of marine insurance solutions, Skuld, has announced that Claes Lindh will stand down from the company after ten years of service, effective January 1st, 2018. Lindh, a member of the firm's executive management team, formally steps down at the beginning of January, 2018, but will continue to work on a ... Read the full article
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