A series of mid-sized and large claims led to Skuld's first technical deficit in 16 years, writes the marine insurance company in an update about developments in its staggered fiscal year 2019/2020.
"Our technical result shows the clear need to bring premium levels into line with risk. Our long-term investment strategy remains conservative, which is proven to handle extreme volatility although our results will be affected in the short term," says CEO Ståle Hansen.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Aramco profit surges to another record on bumper oil market
The state Saudi Arabian oil giant posts another major profit in a market with elevated crude prices and ”healthy” demand.
"The challenges we face as an industry require more skills and competencies"
They are a generation of future maritime leaders shaped both by Covid-19 and shutdowns and now by a world filled with tension. Four potential future managers enrolled in the Blue MBA program give their take on why it is important to improve your skills.
Leading shippers prepared to pay 10% extra for sustainable transportation
Shippers are willing to pay more for ”green” transportation if it’s reliable. But they have to state their wishes more clearly, and prices have to be lowered, writes McKinsey in a new report, which provides suggestions for how to accelerate decarbonization.
Eagle Bulk maintains optimistic outlook despite economic headwind
In spite of negative world economy signals and surging inflation, Eagle Bulk CEO Gary Vogel holds on to his positive expectations for the dry bulk market.
Gas-starved Europe is about to get a pair of floating LNG units
Two companies say they will each set up an LNG terminal in the north and south of Europe amid the continent’s gas crisis following Russia’s invasion of Ukraine.
Logistics coordinator with responsibility for our shipping activities 
A lawyer (chief consultant) is wanted for People & Culture 
Experienced Bunker Trader - Tønsberg/Oslo 
Legal secretary for Shipping / Offshore / Transportation 
Operations Controller – Weco Tankers 
Assistant Fleet Superintendent 
Bunker Trader - Copenhagen 
Senior Associate – Group Strategy Office 
Operations Manager for B-Gas A/S in Copenhagen 
Head of Airfreight