Skuld expands in 2018 P&I renewals
Marine insurance provider Skuld reported a 9.4 percent year on year net increase in mutual P&I (protection and indemnity) gross tonnage in renewals for 2018.
The figure includes committed tonnage for delivery throughout 2018, the firm said Feb. 26. Following the renewals, which were completed on Feb. 20, 2018, Skuld's mutual P&I tonnage now stands at 92 million gross tonnes (GT).
Significant growth was recorded in all commercial P&I business lines, including charterers, offshore and fixed premium/yachts.
“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,” said Skuld CEO Ståle Hansen.
“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,” Hansen noted.
Join us at Intelligent Automation in Insurance - London 2018. Book by Feb 28th and you could save £300.
More of today's news
Buffett warns on misleading GAAP rules
AEGIS expands Syndicate 1225 capacity
Gallagher hires QBE exec to lead Manchester operation
Argo Pro partners with insurtech eBaoTech
