Skuld launches operation in Singapore
Skuld launches operation in Singapore
Skuld launches operation in Singapore
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staff to the claims section will be recruited locally and from the <strong>Skuld</strong> network. Office supportfunctions will be recruited locally. The office will be located <strong>in</strong> the middle of S<strong>in</strong>gapore’sbus<strong>in</strong>ess centre on Six Battery Road.Douglas Jacobsohn, chief executive of <strong>Skuld</strong>, said: “We have had a growth of around 15% <strong>in</strong>Asia the past few years and I have complete confidence that with Kjell back on the team andwith Greg front<strong>in</strong>g the offshore all backed up by Christian on the important claims service side,we will see a significant strengthen<strong>in</strong>g of our presence and genu<strong>in</strong>e opportunities for furthergrowth – not least because of the strength of <strong>Skuld</strong> and the range of our products.“Kjell has been work<strong>in</strong>g <strong>in</strong> Hong Kong s<strong>in</strong>ce 2005 as a mar<strong>in</strong>e underwriter and has ga<strong>in</strong>ed avast network and knowledge, and I’m delighted that we’ve persuaded him to return to <strong>Skuld</strong>.His background fits very well with our plan to cont<strong>in</strong>ue to develop and build our presence <strong>in</strong>this market.“Asian markets are grow<strong>in</strong>g rapidly, with a number of shipowners, charterers and offshoreoperators expand<strong>in</strong>g their presence and <strong>operation</strong>s <strong>in</strong> the region. <strong>Skuld</strong> has been operat<strong>in</strong>gfrom Hong Kong the past 23 years and with the growth of local markets there is a need formore manpower. Look<strong>in</strong>g at the new-build<strong>in</strong>g programme for Asian owners we have to bemore <strong>in</strong>tegrated <strong>in</strong> the market and to provide local owners with <strong>Skuld</strong>’s renowned service.With our straight ‘A’ rat<strong>in</strong>g and as the only Club with n<strong>in</strong>e consecutive years of profit we seeourselves as the most reliable bus<strong>in</strong>ess partner <strong>in</strong> the market.”“<strong>Skuld</strong>’s extended presence <strong>in</strong> Asia will also enhance our specialist offshore service, build<strong>in</strong>gon our strong exist<strong>in</strong>g portfolio of offshore bus<strong>in</strong>ess and close relationships with contractors.”The regulatory authorities <strong>in</strong> S<strong>in</strong>gapore are prepared to authorise the establishment of abranch office subject to certa<strong>in</strong> formal requirements be<strong>in</strong>g met.<strong>Skuld</strong> launched a Lloyd’s Syndicate, <strong>Skuld</strong> 1897, <strong>in</strong> January 2011, to expand the productrange for <strong>Skuld</strong>’s members and clients, as well as to diversify <strong>in</strong>to an expanded mar<strong>in</strong>emarket. <strong>Skuld</strong> P&I and <strong>Skuld</strong> 1897 work closely together where <strong>Skuld</strong> P&I provides the claimsservice for the Syndicate.<strong>Skuld</strong> writes annual premiums <strong>in</strong> excess of US$300m. The P&I tonnage is 72 mGT withadditional charter and offshore tonnage. <strong>Skuld</strong> was upgraded to a straight “A rat<strong>in</strong>g” withstable outlook by Standard & Poor’s <strong>in</strong> June this year. <strong>Skuld</strong> has n<strong>in</strong>e consecutive years oftechnical underwrit<strong>in</strong>g profit.*****SKULD, P.O.BOX 1376 VIKA, NO-0114 OSLO/TEL +47 22 00 22 00 FAX +47 22 42 42 22 /E-MAIL OSL@SKULD.COM