AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Skuld expresses frustration over Swedish Club rejection.
(From Lloyds List)
SKULD P'I Club has admitted that it is disappointed over the rejection of a merger proposal by shipowner leaders of the Swedish Club as analysts speculated on a range of reasons, from the planned establishment of a huge governing shipowner council to management succession problems to location of services, writes James Brewer.
A statement from Douglas Jacobsohn, president and chief executive of Skuld, said his organisation was 'surprised and disappointed because we believe that it would have been a sound industrial solution in the best interest of the two associations' members, facing coming challenges of the industry'.
Mr Jacobsohn said Skuld chairman Erik Gloerson confirmed, after consulting Swedish Club chairman Christer Olsson, that the Gothenburg club's decision was 'not based on any outcome in the due diligence process or other findings in Skuld's operations'.
'As far as we understand their decision is influenced by feeling a lack of equality between the parties,' he added.
A statement from the Swedish Club said that exploratory discussions 'revealed many positive synergies between the clubs.
'The talks were pursued in an amicable atmosphere and the decision not to proceed was taken after much consideration. As a result the Swedish Club will now continue to develop as the preferred choice for discerning owners seeking P'I, hull and other related insurance services.'
- Skuld and Swedish Club confirm talks.
- News wire article from: Europe Intelligence Wire August 25, 2006 700+ words
...it is confirmed. Skuld and Swedish Club are 'entering into...stable from positive on Skuld and affirmed its BBB...affirmed its BBB ratings on Swedish Club and said the outlook...positive outlook on Skuld can no longer be justified...
- Skuld celebrates its new-found wealth.
- News wire article from: Europe Intelligence Wire September 1, 2005 700+ words
...much in reserves, writes James Brewer SKULD, which has set itself on a firm footing...responsibilities faced by owners are growing. At Skuld, the increase in reserves is equivalent to $4 per gt, and Skuld president and chief executive Douglas Jacobsohn...
- Skuld makes waves with war risk cover scheme.
- News wire article from: Europe Intelligence Wire April 19, 2004 700+ words
...target owner members, writes James Brewer SKULD P'I Club is to offer hull war risk cover...provide the bulk of reinsurance for the Skuld facility. It is unusual for a P'I mutual...been lobbying for more moderate terms. Skuld, which is getting its finances on an even...
- Skuld gives up marginal business in favour of core.
- News wire article from: Europe Intelligence Wire October 6, 2004 700+ words
...writes James Brewer NORWEGIAN insurer Skuld is to give up its coverage of mobile offshore...compatriot group Gard on February 20, 2005. Skuld was once a market leader, but over the...market in that area. Although both Gard and Skuld give coverage to shipowners on the mutual...
- Skuld backs Asian rival to London for dispute arbitration.
- News wire article from: Europe Intelligence Wire October 3, 2005 700+ words
...List) Byline: Marcus Hand in Singapore SKULD P'I has lashed out at the excessive legal...arbitration chamber for its Asian members. 'Skuld has been a supporter of London dispute...Pilkington, executive vice-president of Skuld P'I, at the signing of a memorandum...
- Survivor of Scandinavian Star blaze sues Skuld.
- News wire article from: Europe Intelligence Wire November 19, 2003 700+ words
...Scandinavian Star tragedy is suing P'I club Skuld for at least $10m, amid claims that Assuranceforeningen Skuld (Gjensidig) withheld knowledge about the...been brought before a court in Oslo, where Skuld is registered. Including interest and a...
- Skuld joins P'I top table with $37m surplus.
- News wire article from: Europe Intelligence Wire March 17, 2006 700+ words
(From Lloyds List) SKULD P'I Club has achieved what is certain...earlier. Although most clubs including Skuld will disclose their full audited accounts...ink only by a good investment return. Skuld has the distinction shared by few of making...
- Plain sailing with Skuld marine cover.
- Newspaper article from: South China Morning Post May 17, 2006 700+ words
...dominated industry has its advantages. Skuld, a 109-year-old marine insurer, was...anywhere in the world at short notice." Skuld specialises in owners' marine protection...defence insurance. Members have access to Skuld's highly skilled team of lawyers. With...
- Skuld's free reserves rise for eleventh time.
- News wire article from: Europe Intelligence Wire December 19, 2005 700+ words
...From Lloyds List) Byline: James Brewer SKULD P'I Club has maintained its profits momentum...were the 11th consecutive quarter in which Skuld had strengthened its free reserves, which...reserve stood at $92.2m a year earlier. Skuld is seeking one of the lowest general increases...
- Skuld P'I Club turns fortunes around as it keeps claims side under control.
- News wire article from: Europe Intelligence Wire June 24, 2004 700+ words
(From Lloyds List) SKULD P'I Club has effected a clear financial turnaround...calls for three policy years an exercise that Skuld itself had to go through as part of its earlier overhaul. Skuld revealed a profit for the 2003 financial year...