Skuld targets growth in Japan with Tokyo office

Norway-based marine insurer and International Group P&I mutual Skuld confirmed yesterday June 30th that it had obtained an official licence to open a Japanese branch in Tokyo – Skuld Japan.

Jinsung Son has been appointed head of Skuld Japan. Prior to joining Skuld in 2020 he spent 15 years at the Japan P&I Club, most recently as deputy general manager and team leader.

Skuld president and CEO Ståle Hansen said that “Skuld has a firm commitment to a strategy of diversification and growth where results from commercial business contribute to mutuality. Further growth is underpinned by a strong underwriting discipline and a focus on quality tonnage, which makes Skuld a perfect fit for the Japanese shipping community. Skuld has over many years enjoyed strong relationships with Japanese shipowners as well as the local insurance market, and having a physical presence in Japan, close to members and clients, will further strengthen our service offering. We are very pleased to welcome Skuld Japan to our global team, and we wish Son the very best of success in the years to come.”

Skuld Japan will offer Japanese shipowners and offshore operators P&I insurance, as well as ancillary covers and H&M.