ShippingWatch

Skuld books first technical deficit in 16 years

Marine insurance company Skuld saw several claims in its staggered fiscal year 2019/2020, which ended with the first technical deficit in 16 years. The company's bottom line shows a large profit, however, and the CEO highlights a better renewal of tonnage than in recent years.

Photo: PR-FOTO

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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Trial banner

Latest news

See all jobs