INSURANCE, LEGAL & FINANCE

A strong first half for The Swedish Club

9 years ago

An international marine insurer has returned a solid performance for the first six months of the year in line with its strategy for growth.

The insurer says its growth remains firmly in line with its plans

The Swedish Club delivered an operating surplus of US$19.0 million for the period in question, despite its decision to offer a discount of 4% to all P&I members 2017/2018.

“Our growth remains firmly in line with our agreed plans and has exceeded 70 million GT combined owners’ and charterers’ P&I entries,” said Lars Rhodin, managing director of The Swedish Club.

“The Asian market remains one of our key markets and we are also very proud to celebrate 35 years in Hong Kong this year.”

Free reserves are now at a top level of $213.8 million, reinforcing the Club’s commitment to meet members’ needs while also allowing for further growth of the business.

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