The capital liquidity of the Skuld marine-insurance group has risen from strong to exceptional following a new assessment by the Standard & Poor’s (S&P) ratings agency.

Skuld’s overall “A” rating with a stable outlook is unchanged, although S&P views the Oslo-based insurer in a positive light.

The ratings agency noted that Skuld had just reported its 14th consecutive year of underwriting profitability but added that this no longer stood out as rival clubs' technical performances had improved.