Skuld formally completes SMA share purchase agreement

On January 12th 2017 the closing of the share purchase agreement for Skuld Marine Agency (SMA) was completed. Skuld is now formally the owner of 100% of the shares of SMA free of any encumbrances. This was the final step of the acquisition process and there are no further outstanding matters between the parties. SMA has operated as an agent for Skuld since November 2016 for renewals attaching from the beginning of this year. Skuld said it was pleased to announce that 100% of SMA’s clients renewing on January 1st have accepted to renew on Skuld paper.