S&P affirms The Swedish Club ratings at 'A-'; Outlook Stable
The Swedish Club is delighted to report that S&P Global Ratings has affirmed its 'A-' long-term insurer financial strength and issuer credit ratings on The Swedish Club.
The ratings agency commented on The Swedish Club’s sturdy operating performance, driven by disciplined underwriting and strong risk controls and a solid capital buffer at the 'AAA' level as per its risk-based capital model.
S&P has also confirmed a stable outlook for the Club, reflecting its view that the Club will continue to deliver robust underwriting performance and preserve its excellent capital adequacy over the next two years.
Lars Rhodin, Managing Director of The Swedish Club says: “The upgrade to an 'A-' rating at the beginning of the year was testament to our quality members, combined with a consistent performance by the Club for the last ten years.
“S&P again acknowledged the Club’s risk management strategy and remarked upon our reputation for providing efficient member service, as demonstrated by high satisfaction rates."
Managing Director of The Swedish Club
For further information please contact Debra Massey on +44 1296 682675, email firstname.lastname@example.org
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