Club delivers in difficult trading conditions

21 Feb 2017

Lars Rhodin, Managing Director of The Swedish Club

Lars Rhodin, Managing Director of The Swedish Club

At the closure of the renewal season, Sweden-headquartered mutual marine insurance company The Swedish Club has reported ‘performance in line with expectations and consistent with its strategy of balanced growth on a firm foundation’.

Gross tonnage is anticipated to post a 4 to 5% increase in
this policy year, which is coupled with the 8% growth experienced in 2016. This
is also the second year in a row The Swedish Club will deliver a zero percent
increase to its members.

Lars Rhodin, Managing Director of The Swedish Club said: “We
have closed this renewals period on a sound footing, enabling us to continue to
support the needs of our members and to deliver on our promise of focusing on
quality growth”.

The Club was founded in 1872, and writes Protection &
Indemnity, Freight, Demurrage & Defence, Hull & Machinery, Hull
Interests, Loss of Hire, War Risks, and any additional insurances required by
shipowners or charterers. It also writes Hull & Machinery, War risks and
Loss of Hire for Mobile Offshore Units and FPSOs. Its head office is located in
Gothenburg, Sweden, with branch offices in Piraeus, Hong Kong, Tokyo, Oslo and
London.

By Jake Frith

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