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.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

New Pacific Basin CEO presents strategy in first public appearance

Martin Fruergaard has presented his key strategy in his first public appearance as the new CEO of Hong Kong-based Pacific Basin. The dry bulk operator has posted unusually strong half-year results on the back of a market upturn that by all appearances has only just begun.

Finnlines sees gains despite Covid-19 restrictions

Ferry and RoRo operator Finnlines saw growth in several areas in the second quarter of the years although the Covid-19 continues to put pressure on the passenger business. Larger cargo volumes helped boost the revenue.

Further reading

Related articles

Trial banner

Latest news

See all jobs