Skuld is to pull its hull and offshore energy insurance syndicate business out of Lloyd’s of London.
It will instead underwrite the cover using the corporate paper of mutual Skuld Assuranceforeningen through Skuld UK and SMA in Oslo.
Oslo-based Skuld said the move from the Lloyd’s to the corporate market is part of a wider strategy to continue to diversify out of its main protection and indemnity business and streamline its insurance offerings.
