Marine insurer Skuld to give club members premium credit

Oslo, Norway-based marine insurer Assuranceforeningen Skuld has announced a guaranteed premium credit of at least 2.5% for all of its protection and indemnity members.

The insurer said Friday that members of its P&I club would receive a minimum credit of 2.5% of their mutual premium for the 2015/2016 policy year.

It said the exact percentage would be determined after the announcement of its financial results for the 2015/2016 year, but said that the credit was thanks to favorable results for the first nine months of the year.