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1 through 17 of 17 matching documents, best matches first.   Sort by date

Marine Mutual Skuld Posts Lower Fiscal 2024 Profit on Rising Claims Frequency
Group of P&I Clubs had "a significant impact," the insurer said. Skuld said its financial and solvency position is strong, and it has contingency reserves or $562 million, making ...
Source: BestWire   Date: May 12, 2025
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Marine Mutual Gard Post Lower 2024 Profit on Growth, Claims
Baltimore bridge collapse. Total comprehensive income for the year fell to $144 million from $236 million the previous year. Gross written premiums rose to $1.19 billion from $1.18 ...
Source: BestWire   Date: March 18, 2025
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Marine Mutuals Report Higher Large Losses as Renewals Show Growth
International Group of P&I Clubs system. The UK P&I Club said it attracted new tonnage in 2024, which it anticipates will lead to a small increase in its market share this year. ...
Source: BestWire   Date: February 24, 2025
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P&I Club Gard Acquires Codan's Marine and Energy Portfolio for $163 Million
Gard P&I (Bermuda) Ltd. is acquiring Danish insurer Codan's global marine and energy portfolio for about $163 million. The price represents about 11% of Gard's total equity, the ...
Source: BestWire   Date: July 2, 2024
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Marine Mutual Gard Posts Sharply Higher Profit for 2023
The net combined ratio worsened to 93 from 81. The insurance (technical) result was $67 million, down from $150 million in 2022. Investment (non-technical) result was $161 million ...
Source: BestWire   Date: March 19, 2024
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Marine Mutuals Report Premium Growth at Annual Renewals
Chief Executive Officer Rolf Thore Roppestad said in a statement. For Skuld, P&I gross tonnage rose 11% to a record 116 million gross tonnes. Growth was seen in other lines, hull ...
Source: BestWire   Date: February 21, 2024
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Marine Mutual Clubs See Improved Rates and Volume in Annual Renewals
American Club, said in a statement. "Year-on-year tonnage entered for mutual P&I risks grew by 25% to just over 25 million gross tons with an increase in annualized premium to ...
Source: BestWire   Date: February 27, 2023
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Reinsurance Rates Rise 5.8% for Marine Mutuals on Volatility, Costs and Inflation
Mike Hall, chairman, IG reinsurance committee, said in a statement. "The IG has shown that it has been able to weather the COVID-19 pandemic without a significant adverse impact to ...
Source: BestWire   Date: January 19, 2023
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Gard: Oil Shipment Insurance Impasse With Turkish Government Resolved
Turkish waters, Gard said in a statement. Gard said its members were advised to contact the club for further information and for the documentation needed for ships carrying crude ...
Source: BestWire   Date: December 14, 2022
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American P&I Club Incoming CEO: Sanctions, Regulation Among Top Concerns for Marine Underwriters
Shipowners Claims Bureau Inc. In terms of the impact of war in the region, P&I cover excludes liabilities related to acts of war or any risks connected to war, said Ioannou. ...
Source: BestWire   Date: March 31, 2022
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Average Shipowner Rates Rise 33% Under 2022-2023 Protection and Indemnity Reinsurance Program
... International Group of P&I Clubs. The Swedish Club has a current Best's Financial Strength Rating of A- (Excellent). The other menbers are not rated by AM Best. (By David Pilla, ...
Source: BestWire   Date: December 22, 2021
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Marine Insurers Launch ‘Poseidon Principles’ With Net Zero Carbon Emissions Target of 2050
Poseidon Principles for Marine Insurance, said in a statement. "As risk managers, insurers and investors, the insurance industry has a key role in supporting the transition to a ...
Source: BestWire   Date: December 16, 2021
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Norway Club Gard Cites Volatility in $53 Million After-Tax Loss
Gard provides marine and energy insurance. The group includes Gard P. & I. (Bermuda) Ltd., Gard Marine & Energy Ltd. and Gard Marine & Energy Insurance (Europe) AS. Gard has more ...
Source: BestWire   Date: May 15, 2019
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In Persistently Soft P&I Market, Gard Looks for 2.5% Premium Increase
Rena in New Zealand in 2011. "The development in incurred losses since the 2014 renewal, which are very substantially accounted for by the Costa Concordia and Rena claims, amounts ...
Source: BestWire   Date: February 13, 2015
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P&I Insurer Gard to Close Sweden Office, Relocate to Norway
Wagstaff told Best's News Service. "The development of an adaptable and responsive global organization is an important strategic focus for Gard - especially given the changing ...
Source: BestWire   Date: November 18, 2014
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New Gard P&I CEO Roppestad Sees Challenges on Investment, Competition
Roppestad said in an emailed response to questions. "This is not about where Gard goes, but where do our members and clients go, and how can we support them." With a healthy ...
Source: BestWire   Date: November 13, 2013
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Roppestad Named Group CEO at P&I Club Gard
Rolf Thore Roppestad, co-head of underwriting at Gard P. & I. (Bermuda) Ltd., has been named group chief executive officer. Roppestad, who has been with Gard since 1997, will ...
Source: BestWire   Date: October 29, 2013
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