Oslo-based marine insurer Skuld has reported a technical underwriting loss of $42.6m for the first nine months of the current policy year, due to a series of high-cost claims.
Its third-quarter loss was $10m, indicating a slight improvement on a $12m loss in the previous quarter.
Its combined ratio, a figure which reflects the balance of premium income and claims expenses, was 116% in the nine-month period, indicating an underwriting loss.
