Skuld is pleased to announce a highly successful renewal of its Protection and Indemnity policies for 2023/24. Skuld’s mutual P&I gross tonnage  increased by 7.8% and now stands at a record high of GT 103.3 million. All mutual P&I renewal targets set by the Skuld board were met.

Furthermore, Skuld notes substantial growth in other lines of business, including Hull and Machinery, charterers, offshore/energy and FDD.

Skuld’s long-standing growth strategy through diversification continues to contribute to a strong and robust financial foundation for further development.

Ståle Hansen, Skuld president and CEO, said: “We are delighted to again have successfully renewed our P&I policies, aligned with all growth targets. This is a testament to our commitment to providing our clients with comprehensive, reliable, and cost-effective insurance solutions, combined with exceptional service levels. We remain grateful for the loyalty demonstrated by our membership. Our experienced team of underwriters and claims handlers look forward to working closely with our members, brokers, and clients to identify and mitigate potential risks and ensuring prompt and fair claims settlements in the years to come.

“I extend my gratitude to the dedicated team efforts made by all Skuld colleagues involved in this year’s successful renewal, as we continue providing our members, clients and brokers with second-to-none service, making sure that they can all rest assured with Skuld.”