“The year was defined by high claims activity and industry pool claims, which were aggravated by the Covid impact.  Our strong financial standing enabled us to manage the volatile situation. The Swedish Club finished 2021 with a CR of 129%. All classes, except P&I, were in balance, and strong support was demonstrated by members at the P&I renewals 2022.

The experience of the last two years will ensure that the world will never be quite the same again and that much that we took for granted can no longer be assured. For nearly 150 years, The Swedish Club has supported its members through changing times and will continue to do so, no matter what the future brings.

Of course, 2022 has brought new challenges, and we are saddened by the situation in Ukraine; in recognition of the humanitarian support needed in the region, the Club will donate fees from its Marine Insurance Course (MIC) and Annual General Meeting (AGM) sponsorship contributions to the United Nations High Commissioner for Refugees (UNHCR).”

Lars Rhodin
Managing Director

Highlights 2021:

• Combined ratio 129%
• Reconfirmed A- rating
• Growing business volumes
• Most business areas are in balance, except P&I
• Launch of new Loss Prevention training platform
• New features in the Trade Enabling Loss Prevention (TELP) programme

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