Skuld is pleased to announce that rating agency Standard & Poor's (S&P) on 14 August re-affirmed Skuld's 'A' (stable) rating. S&P said: "The stable outlook indicates that we expect Skuld to record combined ratios close to breakeven (100%) over the next two years while maintaining excellent capital adequacy. We also expect the club to record underwriting results in the top half of its peer group." Please see S&P's full report here .