NorthStandard first figures

NorthStandard has confirmed strong renewal results across the board in its first year of operation. It saw positive market responses to its post-merger scale and global operating structure, as well as its continuing service excellence. Premium revenues exceeded US$825 million for the insurance year ending 20 February 2024, against a combined $796 million at the point of merger 12 months ago. The mutual poolable tonnage increased to 256 million gt as of 20 February 2024. Specialty business lines which contribute about 20 per cent of the club's total premium income also reported growth.