An exceptionally successful year is to be reported by Gard, with an after-tax profit of more than $150m ensuring another dividend for its shipowner members.
The best result for five years is in prospect as the Norwegian marine-insurance group benefits from both a benign claims environment and a relatively good investment return in the current market of 2.5%.
The likely outcome for the year that Gard completes today has been revealed by Standard & Poor’s (S&P) as it reaffirms a market leading “A+” rating with a stable outlook for the protection-and-indemnity (P&I) club as well as its hull and offshore energy offshoots.
