Skuld's profit grew 67 percent in 1st half of 2014

Cash reserves are at a record-high at marine insurance company Skuld after a strong 2nd quarter interim report. The results "illustrate the success of our long-term strategy for growth and diversification," says CEO Douglas Jacobsohn.

Fortune favored P&I club Skuld in the first half of the year, as the company achieved a USD 20 million profit - a USD 8 million, or 67 percent, increase compared to last year, according to the company's 2nd quarter interim report, published Friday.

"After six months, the quantum of reported claims is in line with expectations. There will always be an element of the unknown when it comes to claims, but we always strive to attract and retain quality tonnage and to provide our members and clients with the best possible tools to manage risk," says Skuld CEO Douglas Jacobsohn in the report.

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