Norway-based marine insurer Skuld has reported a 4.6% year on year net increase in mutual P&I gross tonnage. Completing on February 20th 2020, Skuld’s mutual P&I tonnage now stands at 95.3m gt.
Skuld said that it had also booked growth in its commercial P&I business lines. These include charterers, offshore and fixed premium/yachts.
Skuld president and CEO Ståle Hansen said that “we are very pleased to announce a successful renewal in our 123rd operating year, and to record another increase on our previous year’s gross tonnage. With 95.3m gt at renewal and with more committed, we note that we will soon pass the gt 100m mark. This success would not have been possible without the loyalty of our high-quality membership and the dedicated and co-ordinated teamwork across our network of offices and departments.
He added: “Skuld’s strategic focus on diversification and sustainable growth through careful selection of quality tonnage contributes to a very strong and robust foundation for further growth in 2020 and beyond, and enables us to continue providing our members, clients and brokers with the service and competence they can rely on.”