Skuld confirms it has obtained an official licence to open a Japanese branch, Skuld Japan, in Tokyo.

Jinsung Son has been appointed head of Skuld Japan. Son has a bachelor’s degree in law from Waseda University, Tokyo, and 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.

Ståle Hansen, Skuld president and CEO said: “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.”

Son added: “Skuld is recognised in the Japanese marine insurance market for its financial robustness, professionalism, and high-quality service. I look forward to establishing a strong Skuld presence in Japan to further strengthen our close relationships with the Japanese shipping community and provide excellent service and support to the Japanese shipping community for many years to come.”

Skuld Japan will offer Japanese shipowners, offshore operators and charterers and traders P&I insurance, as well as ancillary covers and H&M. Shipping is essential to Japanese trade, and marine insurance plays a critical role as one of the pillars supporting the Japanese shipping industry. Skuld offers a variety of insurance products which meet the demand of various operational risks. Skuld is a highly diversified marine insurer and differentiates via additional covers and various products which enhance Japanese shipping companies’ global competitiveness.