Skuld delivered 2015 profit in weak market

In spite of miserable conditions in several shipping segments, Skuld exited 2015 with a profit of USD 13 million and the best combined ratio in five years. CEO calls the result encouraging.

by GRETCHEN PEDERSEN

In contrast to many of the company's customers in the shipping industry, the Norwegian marine insurance company Skuld exited 2015 with a positive result on the bottom line. Precisely USD 13 million was the profit which is a modest decline from USD 13.5 million in 2014, according to a press release.

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