Gard rating

Standard & Poor's (S&P) has reaffirmed Gard's A+ rating, underscoring Gard's position as the world's only P&I Club with this top-tier financial strength rating. The rating was announced after Gard had completed its acquisition of Codan's marine and energy portfolio earlier this year. The acquisition was a significant investment for the group. In its report, S&P stated that Gard "has the strongest competitive position among its peers in the marine market". It also highlighted Gard's "strong service reputation, close relationship with members and below-average general increases". S&P has also rated Gard Re for the first time, awarding an A+ financial rating.