Company Results : Marine Insurance
Reporting and analysis on the financial performance of the companies operating in marine insurance sector – insurers, P&I clubs and brokers
- Japan Club says renewal environment was difficult, thanks its members March 30, 2023Japan Club has expressed its “deepest appreciation” to all its Members for the 2023 policy year renewal. Hiroaki Sawabe, Executive Director at Japan Club reported that “the business .....
- The Swedish Club announces three new management roles March 30, 2023International Group member The Swedish Club has announced three new roles which it said would “position the Club to anticipate and meet the changing demands of its members and .....
- Gard 2022 Results – a deeper dive March 22, 2023The decision by Gard to move from a “P&I Club” year from February 21st to February 20th (still the financial year adopted by the vast majority of the 12 Group Clubs) to a calendar .....
- Gard “withstands market turbulence to deliver stand-out insurance results” March 21, 2023At Norway-based marine insurer Gard’s presentation of its annual results and its second integrated annual report today, the insurer reported “its best insurance performance in .....
- Skuld reports “successful renewal” in all product lines March 20, 2023At a board of directors’ meeting of Norway-based marine insurer and Group Club Skuld in London on March 16th, to review the outcome of the recent 2023/24 P&I renewals and the .....
- Beazley positive about marine division merger with PAC March 14, 2023UK-listed re/insurer Beazley has said that “bringing together Beazley’s Marine division with the Political, Accident and Contingency division and Portfolio Underwriting has brought .....
- Lloyd’s announces 91.9% combined ratio for 2022 March 9, 2023Lloyd’s has reported a combined ratio of 91.9% for its syndicates in 2022. Gross Written Premium (GWP) increased by more 19% to above £46bn, compared with £39.2bn in 2021. Lloyd’s .....
- Renewal report: London Club describes “positive renewal outcome”, but tonnage is down March 1, 2023London Club has reported what it described as a positive renewal outcome at the February renewals for the 2023/24 policy year. The Club’s mutual entry following the renewal stands at .....
- Renewal report: American Club premium income up 17%, tonnage up 25% February 28, 2023American Club has reported what it described as “encouraging year-on-year growth in premium and tonnage over the recent renewal period”. Premium income for the Club’s Class I (mutual P&I) .....
- Renewal report: Skuld reports continued strong growth February 24, 2023Skuld has reported a “successful renewal of its P&I policies for 2023/24”, with mutual P&I gross tonnage increasing by 7.8% to “a record high of GT 103.3 million .....