The Board of The Swedish Club has announced a 5% General Increase for P&I for 2025, and a General Increase of 5% for FD&D, to reflect the Club’s continued focus on its long-term strength and stability.
Speaking at the Board Meeting on Thursday Nov 21st in London, Managing Director Thomas Nordberg said:
“As we continue to grow in a controlled manner to restore our financial strength, we are seeing solid figures. In line with the Club’s three-year strategic plan for sustainable growth, maintaining a strong underwriting performance without an over-reliance on investments is key to that stable growth. To this end, I am also happy to report that our solvency ratio has continued to improve in 2024.”
Members are being informed in a circular.
Mr Nordberg said: “Our members always remain our first priority and we are committed to delivering the best possible services and solutions in the midst of ongoing global challenges. This includes delivering innovative solutions to meet our members needs such as our new Heavy Weather Alert tool launched this year. With such a strong Board underpinning us, together with our very supportive members and our talented staff. I look forward to a successful 2025.”
-Ends-
About The Swedish Club:
The Swedish Club was founded by shipowners in 1872 and is today a leading and diversified mutual marine insurance company, owned and controlled by its members. The Club 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 Athens, Oslo, London, Hong Kong and Singapore.
More information about The Swedish Club is available at: www.swedishclub.com
For further information please contact:
Debra Edwins – Tel: +44 (0)1296 682356 Email: dedwins@elaboratecomms.com
Sally Butler – Tel: +44 7961 730303 Email: sbutler@elaboratecomms.com