Amidst a highly competitive P&I market, an international marine insurer has posted significant growth in mutual P&I business, as well as in all its commercial P&I business lines.

Skuld concluded a successful February 2018 renewal, reporting a 9.4% net increase in mutual P&I gross tonnage from 2017 to 2018, including committed tonnage for delivery throughout 2018. This brings the firm's mutual P&I tonnage to 92 million gross tonnes.

Stale Hansen, Skuld president and CEO, said the increase to the firm's gross tonnage was due to the combined efforts of their three business platforms – Skuld P&I, Skuld 1897, and Skuld SMA – and the coordinated teamwork of all their offices and departments.

“We are very pleased to offer competitive terms to our loyal membership as well as welcoming new quality members and clients to our organisation,” Hansen said. “Skuld’s overall focus on sustainable growth through careful selection of quality tonnage contributes to a very strong and robust foundation for further growth in 2018 and beyond, and enables us to continue providing our members, clients, and brokers with the service and competence they can rely on.”

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