On 25 January 2018, S&P Global Ratings (S&P) revised its outlook on The Swedish Club to positive from stable. It also affirmed its ‘BBB+’ long-term insurer financial strength and issuer credit ratings for the Club.

S&P stated: “The Swedish Club has continued to record underwriting returns at or better than breakeven levels and reduce the volatility of its results, despite challenging conditions in its markets.

Coupled with this good news, A.M. Best has again awarded The Swedish Club a Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-”, with a stable outlook.

Lars Rhodin welcomed the news and said: “The news from S&P, along with confirmation that A.M. Best has continued to provide such a positive rating for the Club, is a vote of confidence for the Club, the management team and of course for our members, the backbone of our business.”

Please click here to download the press release»

Standard & Poor Rating Press Release
A.M. Best Rating Press Release 

For further information please contact:
Debra Massey +44 (0) 1296 682675, email dmassey@elabor8.co.uk

Notes to Editors:
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 Piraeus, Hong Kong, Tokyo, Oslo and London.