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Press Release

‘A-‘ Rating for The Swedish Club

Göteborg:

The Swedish Club is pleased to report that S&P Global Ratings has reaffirmed its ‘A-‘ long-term insurer financial strength and issuer credit ratings for The Swedish Club.

S&P also maintained its assessment of the Club’s outlook as negative.

Managing Director of The Swedish Club, Lars Rhodin, says: “Following such a challenging period, we are encouraged to see that the Club’s resilience has been recognised in our plan to address imbalances experienced in the P&I sector”.

“As we enter our 150th year, The Swedish Club will continue to focus on offering the highest levels of service and support to its members. Since our inception in 1872, we have worked to earn the trust of our members, and that ethos remains at the heart of everything we do.”

For further information, please contact Debra Massey at +44 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 Athens, Olso, London, Hong Kong, and Singapore.