Skuld's deficit has grown over the past nine months

Norwegian marine insurer Skuld's deficit has increased over the last nine months despite premium growth and positive return on investments due to large claims, the insurer states.

Photo: Skuld

Oslo-based Skuld ends it third quarter with red numbers on the bottom line of the third quarter results, according to a company release.

Skuld's technical result in the first nine months of 2021 amounted to a loss of USD 51,7 million compared to a loss of USD 46,2 million last year, despite the technical result showing a positive development the last quarter with a combined ratio improving with a drop from 127 percent to 117 percent.

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