Global marine insurer Skuld has declared a successful and robust outcome for the 2026-27 mutual P&I renewal and said it reflected disciplined underwriting, firm market positioning and continued support from existing and new members.

The owners’ mutual P&I book of business grew to 128 million gross tonnage, representing a 6 per cent increase in tonnage year-on-year.

“This positive development underscores Skuld’s ability to retain quality tonnage while attracting new members who value the club’s service commitment, global reach and financial strength,” Skuld said.

Through the upcoming policy year, Skuld expects to reach close to 140 million gross tonnage on its owners' mutual P&I book.

Skuld said it continued to grow successfully across all lines of its business, including hull and machinery, charterers, energy, fixed P&I and freight, demurrage and defence, further emphasising the importance of its longstanding diversification strategy.

Ståle Hansen, Skuld president and chief executive, said the renewal was further strengthened by a record level of committed new business across the group.

“This reflects Skuld’s strong global network and long-term strategic focus, particularly in Asia and through close collaboration with major broking houses,” he said. “New members include high-profile operators, reinforcing Skuld’s strong competitive position in the P&I market.”

He attributed his firm’s successful renewal outcome to exceptional teamwork across their international offices.

“Our strong and collaborative culture and the unwavering dedication of employees, working in a complex and dynamic geopolitical landscape, enable us to optimally safeguard the interests of our members, clients, brokers and the maritime community we proudly serve,” he said.