S&P affirms Swedish Club ratings at 'A-'
(Posted on 27/09/19)
The Swedish Club is delighted to report that S&P Global Ratings has affirmed its 'A-' long-term insurer financial strength and issuer credit ratings on The Swedish Club.
The ratings agency commented on The Swedish Club’s sturdy operating performance, driven by disciplined underwriting and strong risk controls and a solid capital buffer at the 'AAA' level as per its risk-based capital model.
S&P has also confirmed a stable outlook for the Club, reflecting its view that the Club will continue to deliver robust underwriting performance and preserve its excellent capital adequacy over the next two years.
Lars Rhodin, Managing Director of The Swedish Club says: “The upgrade to an 'A-' rating at the beginning of the year was testament to our quality members, combined with a consistent performance by the Club for the last ten years.
“S&P again acknowledged the Club’s risk management strategy and remarked upon our reputation for providing efficient member service, as demonstrated by high satisfaction rates."
Latest News
Maritime appetite for cyber risk higher than other industries
(Posted on 20/11/24)A new report published by DNV reveals that the majority (61%) of maritime professionals believe the... Read more
NorthStandard adjusts for future with precautionary premiums increase
(Posted on 20/11/24)The return of higher claim volumes during 2024, increased exposure to larger claims, and continuing... Read more
ClassNK ELW on improving seafarers’ living conditions for Tokei Kaiun bulker
(Posted on 12/11/24)ClassNK has granted its ‘ELW (HP)’ (Excellent Living and Working Environment (Hydroponics... Read more
FONASBA elects new President and Board
(Posted on 12/11/24)The Federation of National Associations of Ship Brokers and Agents (FONASBA) has held its annual meeting... Read more
10,000 cadets benefit from Sailors’ Society virtual conferences
(Posted on 12/11/24)Record-breaking numbers of cadets and ratings from across the globe have attended the 2024 Sailors&rsquo... Read more
Algoma’s stronger quarter signals promising close to the year
(Posted on 04/11/24)Algoma Central Corporation has reported its results for the three and nine months ended September 30... Read more
Urgent need for updated medical guide for ships
(Posted on 04/11/24)Marine Medical Solutions, a key player in maritime healthcare, is raising awareness to the urgent need... Read more
KCC makes move into wind with bound4blue eSAIL system on newbuild
(Posted on 31/10/24)A subsidiary of Klaveness Combination Carriers ASA (“KCC”) has entered into an agreement... Read more
KCC makes move into wind with bound4blue eSAIL system on newbuild
(Posted on 31/10/24)A subsidiary of Klaveness Combination Carriers ASA (“KCC”) has entered into an agreement... Read more
Partnership to launch maritime Know-Your-Customer data platform
(Posted on 31/10/24)Baltic Exchange has launched a Know-Your-Customer (KYC) platform to give the maritime sector greater... Read more
