A loss of $9.3m is reported by the Swedish Club the Gothenburg based mutual that insured the containership, Rena, one of the most costly casualties of last year.

The Swedish Club has calendar year accounting so largely missed out on the investment bounce back that is expected to benefit most of mainstream protection and indemnity clubs.

Lars Rhodin
The Swedish Club nevertheless made a small investment profit but this points to an underwriting loss.

There