Skuld Annual Review and Accounts 2015 (20.02.15 - 20.02.16) is now available. Skuld delivers the best combined ratio in five years and ended 2015 with a positive result of USD 13 million. The contingency reserves stand at USD 348 million. Supporting our members through challenging times "To give something back to our members is perhaps the most rewarding aspect of the period under review", says President and CEO Ståle Hansen. "Creating new income streams for Skuld, through selective underwriting and diversification, allows members to have more predictable premium levels". Always looking ahead Chairman of the Board, Klaus Kjærulff, says "The world economy impacts our industry, and the shipping markets are likely to continue to struggle for years to come. The requirements from international financial authorities are extremely strict and the challenge for us is to constantly adapt to future changes and developments." Please see full report on our Financial reports page.