Skuld improves bottom line in first nine months of 2015

Norwegian marine insurer Skuld delivered a result of USD 20 million in the first nine months of the year, a USD 5 million increase from the same period last year. Overcapacity is still putting pressure on premium levels, says CEO.

Photo: Skuld

Marine insurer Skuld noted progress in the first nine months of 2015 with a USD 20 million result. This represents a USD 5 million improvement against the same period last year, according to the third quarter interim report, published Monday. CEO Ståle Hansen says the following about the result:

"This is a USD 11 million improvement since the six months figures and a USD 15 million improvement compared with the same period last year. Skuld’s contingency reserves now stand at a record high USD 354 million," he says in the report.

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