MADRID, SPAIN – 20 November 2025

The Board of The Swedish Club has today agreed a 5% General Increase for P&I and a 5% General Increase for FD&D for the 2026/2027 policy year. The decision reflects the Club’s continued focus on financial resilience and delivering sustainable growth for its members. Year-to-date claims trends are encouraging, with lower frequency and benign large-loss experience, but the average cost per claim remains elevated and the overall operating environment uncertain, reinforcing the importance of maintaining premium adequacy.

Managing Director Thomas Nordberg said, “The Swedish Club is in a strong position. Our continuous disciplined approach over the past years has delivered solid underwriting results and further strengthened our financial foundation. The Club’s solvency ratio remains well above requirements, providing the stability needed to support our members with confidence.”

He continued, “We are entering the next stage of our strategy with optimism and purpose. Our solid position is built on strong foundations, combining prudent management with innovation and service excellence. We are broadening our global reach, enhancing our digital capabilities, and building new ways to deliver insight and value to our members. This is about advancing our business fundamentals responsibly and positioning the Club to meet the challenges and opportunities ahead.”

Members are being informed through a circular.

Nordberg concluded, “Our commitment to our members remains at the heart of everything we do. With the support of our Board, our dedicated staff, and our engaged membership, we look forward to continuing our journey of steady, confident growth in the years ahead.”

-Ends-

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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:
Lisa Jacobs – Tel: +44 (0)1296 682104   Email: ljacobs@elaboratecomms.com
Sally Butler – Tel: +44 7961 730303  Email:  sbutler@elaboratecomms.com