Skuld Will Be “firmer” on Renewals in 2020/21 – Deductibles to Rise

Norway-based P&I Club Skuld has said that it will be firmer on renewals than in past years, although it has not declared a General Increase. Deductibles will rise for the 2020/21 policy year.

The announcement came after it was noted that, although the first six months of the 2019/20 policy year showed a small surplus, this was supported only by investment income. The mutual underwriting performance showed…