Skuld chief executive Stale Hansen likes to take a turn on the drums to get the party started at the marine insurer’s annual event.

There were added reasons to celebrate this month as 600 members, clients, brokers and staff popped the champagne corks in the centre of Oslo.

The Norwegian mutual was marking its 125th anniversary and had just presented a healthy-looking set of half-year results, despite one of the most challenging protection and indemnity markets in more than a decade.