Insurer Skuld reports half-year loss as claims rise

Oslo-based protection and indemnity mutual Skuld has reported a $14.3m loss in the first six months of the current policy year.

The loss compared at a $2m profit in the same period last year.

Skuld attributed the loss to higher level of International Group of protection and indemnity clubs shared pool claims. Skuld said its share of International Group pooled claims affected its result negatively by $37m.