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
Red Sea conflict brings massive shipping carbon emissions increases
(Posted on 23/04/24)Conflict in the Red Sea has brought massive carbon emissions increases in ocean freight shipping, according... Read more
WFW advises Danaos on US$450m newbuild vessel financing
(Posted on 23/04/24)Watson Farley & Williams (“WFW”) has advised Danaos Corporation (“Danaos&rdquo... Read more
North Pacific Green Corridor Consortium forms new corridor
(Posted on 18/04/24)Global industry leaders from North America, Asia and Europe have announced the formation of the North... Read more
Tomini Dynasty Captain receives prestigious Gallantry Award
(Posted on 16/04/24)Tomini Group, a world-class dry bulk ship owner, has announced that Captain Om Dutta has been honoured... Read more
Singapore retains top spot as world’s leading maritime city
(Posted on 15/04/24)Singapore has retained its title as the leading maritime city in the world, followed by Rotterdam and... Read more
AtoB@C Shipping takes delivery of Stellamar
(Posted on 15/04/24)AtoB@C Shipping, a subsidiary of ESL Shipping, the leading carrier of dry bulk cargoes in the Baltic... Read more
Maritime industry leaders to explore ammonia as marine fuel on US West Coast
(Posted on 29/03/24)American Bureau of Shipping, CALAMCO, Fleet Management Limited, Sumitomo Corporation and TOTE Services... Read more
MMS raises awareness over improper use of antibiotics on board vessels
(Posted on 29/03/24)Leading provider of medical support services for crews, Marine Medical Solutions (MMS), is concerned... Read more
ESL to sell Supramaxes
(Posted on 25/03/24)ESL Shipping, a leading carrier of dry bulk cargoes in the Baltic region, has signed a memorandum of... Read more
Sustainable fuels can reach cost parity with fossil fuels by 2035
(Posted on 25/03/24)New Wärtsilä analysis shows EU ETS and FuelEU Maritime will close price gap, creating policy... Read more
