Mutual book reaches 128m GT with further diversification across lines, according to the CEO of marine insurer Skuld
Skuld has reported a strong outcome for its 2026/27 mutual protection and indemnity (P&I) renewal, with owners’ mutual tonnage rising 6% year on year to 128m gross tonnes.
The marine P&I mutual insurer said the increase reflects disciplined underwriting, firm market positioning and support from both existing and new members.
Skuld expects the owners’ mutual P&I book to approach 140m GT during the forthcoming policy year.
The insurer said it had retained quality tonnage while attracting new members drawn to its service model, global reach and financial strength.
Growth was also recorded across hull and machinery, charterers, energy, fixed P&I and FDD lines, which Skuld said underlines the importance of its diversification strategy.
Ståle Hansen, president and CEO of Skuld, said: “The renewal was further strengthened by a record level of committed new business across the group, reflecting Skuld’s strong global network and long-term strategic focus, particularly in Asia and through close collaboration with major broking houses.
“New members include high-profile operators, reinforcing Skuld’s strong competitive position in the P&I market.”
Hansen added: “I want to attribute this year’s successful outcome to the exceptional teamwork across our international offices.
“Our strong and collaborative culture, and the unwavering dedication of employees, working in a complex and dynamic geopolitical landscape, enable us to optimally safeguard the interests of our members, clients, brokers and the maritime community we proudly serve.”
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