Norway’s Gard warned of the impact of a global “Clash of the Titans” after reporting full-year results that cemented its position as the world’s top marine insurer.
The Arendal-based insurer reported its highest-ever premiums of $1.193bn in 2024 and an underwriting profit despite a tough year of high claims.
But executives warned that tariffs and a growing fragmentation of world trade would be “highly detrimental” to shipowners and insurers.
