Photo: 129776096 © Dragan Djukic |

Oslo-based leading marine insurer Skuld saw its mutual protection and indemnity gross tonnage increase by 7.8 percent to 103.3 million gross tonnes, at its 2023/24 renewal earlier this week.

The leading insurer reported a highly successful renewal of its Protection and Indemnity policies for 2023/24, and now as it said, “all mutual P&I renewal targets set by the Skuld board were met.”

Additionally Skuld celebrates the substantial growth in other lines of business, including Hull and Machinery, charterers, offshore/energy and FDD.

As it is highlighted characteristically by the insurer, “Skuld´s long-standing growth strategy through diversification continues to contribute to a strong and robust financial foundation for further development.”

Skuld president and CEO, Ståle Hansen, said: “We are delighted to again have successfully renewed our P&I policies, aligned with all growth targets. This is a testament to our commitment to providing our clients with comprehensive, reliable, and cost-effective insurance solutions, combined with exceptional service levels. We remain grateful for the loyalty demonstrated by our membership. Our experienced team of underwriters and claims handlers, look forward to working closely with our members, brokers, and clients to identify and mitigate potential risks, and ensuring prompt and fair claims settlements in the years to come.”

The marine insurer said in the social media that its mutual P&I gross tonnage increase by 7.8%, “now standing at a record high of GT 103.3 million.”