Swedish Club’s A- Rating reaffirmed
(Posted on 06/02/23)
A.M.Best Ratings Services Ltd has affirmed its Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for The Swedish Club.
"A.M. Best’s reaffirmed rating underscores the competitive position and attractiveness of the Club as a marine insurance provider,” says Thomas Nordberg, Managing Director of The Swedish Club.
The ratings reflect The Swedish Club’s balance sheet strength, which A.M.Best assesses as very strong. In addition, it states that the Club benefits from a well-diversified portfolio within the marine insurance market, offering hull and machinery and P&I cover, in addition to its membership of the International Group of P&I Clubs.
The Swedish Club was founded by shipowners in 1872 and is today a leading and diversified mutual marine insurance company, owned and controlled by its members. The Club writes Protection & Indemnity, Freight, Demurrage & Defence, Hull & Machinery, Hull Interests, Loss of Hire, War Risks, and any additional insurances required by shipowners or charterers. It also writes Hull & Machinery, War risks and Loss of Hire for Mobile Offshore Units and FPSOs.
Its head office is located in Gothenburg, Sweden, with branch offices in Piraeus, Oslo, London, Hong Kong and Singapore.
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