Peter Claesson, Finance Director at Stena AB, has been appointed as the new Chairman of the Swedish Club’s Board of Directors. Claesson will replace Lennart Simonsson, who is stepping down from the board, having served the marine insurance club as Chairman for 16 years.

The Swedish Club also welcomed two new members to the Board of Directors: Ragnar Johansson, Managing Director of Wallenius Sol AB, and Xiao Junguang, Secretary to the board of directors and general legal counsel of Cosco Shipping Lines.

With very different maritime backgrounds, one operations, one finance/legal, these two appointments will contribute further breadth and depth of experience to The Swedish Club’s Board, as the marine insurance club reports.

These announcements were made at The Swedish Club’s 151st Annual General Meeting, which is the first under Thomas Nordberg as Managing Director of the Club.

Thomas thanked Lennart Simonsson for his 25 years of service on the Board and offered his best wishes for the future.

Thomas Nordberg’s AGM address also brought good news for members, as he told the audience that in the first quarter of 2023, the Club’s Combined Ratio stood at 101%, while positive investment returns brought a financial result of $10.9 million, a positive trend that is continuing.

During the AGM, Nordberg focused on the future, sharing further details of the strengthened Regional Office structure. He emphasised the importance of focusing on IT and digital transformation and provided insight into the Club’s recent Risk Management review.

Speaking about his priorities, Thomas Nordberg said: “We are operating in a fast-moving environment, which is facing challenges unlike those seen before. The last few years have shown a pattern of geopolitical uncertainties and volatile investment results, demanding that the whole industry model be reassessed”.

“Here at The Swedish Club, we need to focus on future-proofing to protect and further build upon our heritage for the benefit of our membership,” Nordberg noted.