Lars Rhodin took the stage for the final time to orchestrate proceedings at the Swedish Club’s annual general meeting in Gothenburg last week.

The managing director is a popular figure in the world of protection and indemnity, and the event was attended by nearly all the chief executives of the other 12 members of the International Group of P&I Clubs.

At the AGM, Rhodin, who departs at the end of the year, reported to members that the Swedish Club had its worst underwriting performance in more than two decades with a combined ratio of 129%.