Skuld adds full marine coverages to London offerings

Protection and indemnity club Assuranceforeningen Skuld has extended its full roster of marine insurance products to the firm's London office.

Skuld's P&I products, previously offered in all of Oslo, Norway-based Skuld's 10 global offices except London, include owners mutual P&I and freight defense and demurrage, which provides legal expense cover, as well as charterers P&I and FDD, Keith Parker, head of Skuld's U.K. operations, said Tuesday in an interview.

Both products offer limits of up to $1 billion, Mr. Parker said.

“We're trying to get to the point where all of our offices can offer all products, and so that way we can get distribution of each of those products closer to the buyer,” Mr. Parker said.

Matthew Burton, vice president of offshore operations, will lead Skuld's local P&I activity in London while continuing in his current role, Skuld said Monday in a statement.

Previously, Skuld's London P&I capabilities extended to only yacht P&I and fixed P&I, Mr. Parker said in the interview.