Asia boosts Skuld's business by 13 percent

Norwegian insurance company Skuld experienced a 13 percent growth in its P&I business during the insurance year 2013/2014, a development especially caused by new businesses in China and Singapore, says the company.

Photo: Hapag-Lloyd

Insurance company Skuld saw its P&I business grow 13 percent in the insurance year 2013/2014, which ended on February 20th. According to Skuld, the growth was the result of new business ventures in the East, particularly in China and Singapore, where the company opened an office in 2012.

And the Scandinavian and American markets also contributed to the growth. Skuld also expanded its product portfolio, which the company estimates also had an effect on the result.

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