Gard renewal

Gard has announced a successful P&I renewal, marked by high retention and substantial levels of new committed tonnage. For the first time in its history, Gard's mutual portfolio has surpassed 300 million gt. In the past 12 months, 13 million gt were added, bringing the total mutual tonnage to 311 million gt. As much as 99.6 per cent of existing tonnage was renewed. "This is a very encouraging retention rate, and we are deeply grateful to our members for their continued trust and loyalty," said Gard CEO Rolf Thore Roppestad.