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Insurance Firm Reports Strong Year

A marine insurance company has reported an operating result of US24.6m supported by strong investment income in 2019. The Swedish Club said investment alone generated a return just short of 10%. Free reserves stood at US228m at the end of the accounting year. Lars Rhodin, managing director of The Swedish Club, said: “We are committed

By |2020-04-02T15:09:47+01:00April 2nd, 2020|Categories: Insurance, Legal & Finance, News|0 Comments

How Will Covid-19 Impact On Marine Insurance?

The impact of coronavirus on marine insurance isn’t clear cut and a key issue is the extent to which policies respond where there is no physical damage, an insurance professional has stressed. Matthew Pearson, associate at Clyde & Co., said that marine policies are typically triggered by physical damage, but noted with soft market conditions

By |2020-03-23T15:36:04+00:00March 23rd, 2020|Categories: Legal & Finance, News|0 Comments