Skuld results

Skuld has announced a positive result for the first six months of the 2018/2019 policy year, reporting a bottom-line result of US$14 million compared with $8 million at the half year in 2017. The result is mainly derived from Skuld’s P&I book of business and a low number of reported claims. Skuld’s written premium decreased slightly compared with the same period last year, due to de-selection and rates suffering the effects of a challenging market. Net investment income for the period contributed positively with $4.6 million, in spite of the difficult investment conditions created by rising interest rates and some geopolitical instability. One pool claim has been reported so far.