Maritime Directory

London, United Kingdom

The London Steam-Ship Owners' Mutual Insurance Association - (The London P&I Club) is managed by A Bilbrough & Co Ltd.

Vika, Oslo,, Norway

Welcome to SKULD Assuranceforeningen Skuld provides Protection & Indemnity (P&I) insurance to shipowners and charterers all over the world. Its purpose is to "offer mutual insurance against third-party liabilities and losses incurred in direct connection with the operation of the entered vessels." The Club also offers Freight, Demurrage and Defence (FDD) cover to its members. Established in 1897 in Oslo, Norway, some 50 % of the tonnage entered in the Association is still Scandinavian-controlled, reflecting the club’s traditional balance between Scandinavian and non-Scandinavian business. Its other important markets are most Western European countries, Russia, Singapore, China incl. Hong Kong and USA. With its established and strong position in "mature" markets such as Norway and Denmark, the largest growth potential is currently in Greece and Asia. In addition to its head office in Oslo, Skuld has offices in Copenhagen, Bergen, Piraeus and Hong Kong. World-wide, the organisation has a staff of some 135 members, all employed directly by the Association. The Club can also draw on an extensive network of correspondents - such as the New York-based Anchor Marine, established in 1998 as an exclusive correspondent for Skuld, which assists the Club in the large number of US-related matters. As a mutual association, the Club is owned and controlled directly by its members. The President & CEO reports to the Board of Directors. The Rules of the Association specifies the division of powers between the President & CEO, the Board of Directors, the Committee and the Annual General Meeting. In 2000, Skuld was reorganised through the establishment of a total of nine syndicates, each with an overall responsibility for one or more geographical markets. A separate energy syndicate, based in Oslo and in charge of global operations in the energy field, was also established. Skuld is one of thirteen members of the International Group of P&I Clubs which work closely together in reinsurance and other matters of common interest. In August 2001, Skuld entered into a strategic partnership with Royal & SunAlliance which i.a. has an extensive, world-wide portfolio in Hull & Machinery insurance. Initially, the two partners will offer a joint one policy fixed premium cover for vessels up to 3000 GT, and seek to co-ordinate the activities of their technical departments. Other areas of co-operation are likely to follow suit.