The Skuld protection and indemnity club has won approval from the Lloyd’s of London market to launch a new syndicate that will write marine hull and energy business.
The move was hailed by Skuld chief Douglas Jacobsohn as the “most significant diversification in Skuld’s long history.”
TradeWinds reports on Skuld syndicate 1897 in its edition of 1 October.
Skuld syndicate 1897 – named for the year of the Norwegian P&I club's establishment will have a “stamp” capacity of £60m ($97m) and have financial backing from Skuld as well as the French Scor reinsurance group and Randall & Quilter Investment Holdings.
