Club delivers in difficult trading conditions

Gross tonnage is anticipated to post a 4 to 5% increase in this policy year, which is coupled with the 8% growth experienced in 2016. This is also the second year in a row The Swedish Club will deliver a zero percent increase to its members.

Lars Rhodin, Managing Director of The Swedish Club said: “We have closed this renewals period on a sound footing, enabling us to continue to support the needs of our members and to deliver on our promise of focusing on quality growth”.

The Club was founded in 1872, and 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.

By Jake Frith