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Large insurance claims lead Skuld to book a deficit for the first nine months

Marine insurance company Skuld exits the third quarter with a deficit, albeit a smaller one than for the same period last year. The loss is mainly attributed to large claims, while upcoming Covid-19 vaccines give rise to optimism.

Photo: Skuld

Norwegian insurance company Skuld exits the first nine months of the company's fiscal year with a deficit of USD 10 million, the company informs in its interim report for the third quarter.

The deficit booked in the first nine months is, however, an improvement csompared to the same period last year, when the deficit came to USD 12 million. Skuld's technical result came to a loss of USD 46.2 million.

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