Norwegian insurer Skuld said it felt under no pressure to merge with another protection and indemnity club after posting historically strong results during a year of geopolitical turmoil.
Chief executive Stale Hansen said a year of low claims, rising premiums and strong investment results had strengthened the P&I club’s ability to go it alone.
Hansen told TradeWinds last year that the “door was open” for merger talks as the sector digested the impact of last year’s tie-up between fellow P&I providers North P&I Club and the Standard Club.
