Latest update from The Swedish Club;
The Board of The Swedish Club has announced a 5% General Increase for P&I for 2025, and a General Increase of 5% for FD&D to reflect the Club’s continued focus on its long-term strength and stability.
Speaking at the Board Meeting on Thursday Nov 21st in London, Managing Director Thomas Nordberg said: “As we continue to grow in a controlled manner to restore our financial strength, we are seeing solid figures. In line with the Club’s three-year strategic plan for sustainable growth, maintaining a strong underwriting performance without an over-reliance on investments is key to that stable growth. To this end, I am also happy to report that our solvency ratio has continued to improve in 2024.”
Members are being informed in a circular.
Mr Nordberg said: “Our members always remain our first priority and we are committed to delivering the best possible services and solutions in the midst of ongoing global challenges. This includes delivering innovative solutions to meet our members needs such as our new Heavy Weather Alert tool launched this year. With such a strong Board underpinning us, together with our very supportive members and our talented staff. I look forward to a successful 2025.”
Be the first to comment