A further notable diversification is planned by Skuld with the acqusition of the Scandinavian Marine Agency - Gerling Norway hull and machinery business.
The Norwegian protection and indemnity club has signed a ltter of intent to purchase SMA/Gerling.
The deal will give Skuld renewal rights on a 6,000 vessel book of business paying premium of $40m.
The plan is that SMA/Gerling will operate separtely from Skuld's existing hull business written through its Lloyd's of London syndicate 1897.
Although
