A year of modest claims made a key contribution towards Gard being able to offer its shipowner members the fifth premium dividend in as many years.
Although the overall result for the year to February was announced nearly three weeks ago, the Norwegian-based protection-and-indemnity (P&I) mutual has now provided a more detailed picture of its performance in its annual report.
The report shows that while the Gard club — the biggest of the International Group mutuals by some way — produces much of the turnover, it is the much smaller commercial hull and offshore energy business that brought in the profit last year.
The
