Van AalstTBA GroupBühler GmbHTMS Awards 2023Port of South LouisianaCimbria
  • Bühler GmbH
  • Sailors Society
  • TMS Awards 2023
  • Geneva Dry
  • Port of South Louisiana
  • Port of Stockton

Swedish Club awarded ‘A’ across the board

Swedish Club awarded ‘A’ across the board

(Posted on 04/02/21)

The Swedish Club is pleased to report that once again S&P Global Ratings has affirmed its 'A-‘ long-term insurer financial strength and issuer credit ratings for The Swedish Club.

In making its decision, the ratings agency pointed to The Swedish Club’s resilient capital position in a volatile year. It also commented on the Club’s disciplined underwriting and risk control, supporting the Club’s controlled underwriting results. The Swedish Club has demonstrated a combined ratio of 98% across a seven-year average, positioning it ahead of its peers.

S&P has also confirmed a stable outlook for the Club, reflecting its view that the Club will continue to preserve its excellent capital adequacy and improve its underwriting performance.

This news comes alongside A.M. Best again awarding The Swedish Club a Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-”, with a stable outlook.

A.M. Best categorised the Club’s balance sheet as ‘very strong ... underpinned by risk-adjusted capitalisation at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR)’.

Managing Director of The Swedish Club, Lars Rhodin says: “In such a challenging year we are delighted that once again both S&P and A.M. Best have placed us in the top ranks of our sector. This welcome result was earned through the Club’s long-term strategy of prudent risk management and a commitment to providing excellent levels of service to our members.

“During 2020 The Swedish Club has focused on supporting members in what have been extraordinary times. The Club’s lean structure and customer focused ethos has enabled us to swiftly develop the IT solutions and organisational flexibility to ensure we continue to both meet and anticipate our members’ needs.”

Latest News

Seafarer retention rates improve as salaries rise

(Posted on 15/02/25)

Retaining seafarers has improved slightly over the past year, thanks in part to salary raises, the annual... Read more


DNV issues guidance to help navigate sustainability regulations

(Posted on 13/02/25)

With the Hong Kong Convention (HKC) set to take effect this year, shipowners should ensure compliance... Read more


The Swedish Club launches Passage Plan+ guide

(Posted on 13/02/25)

Marine insurance specialist, The Swedish Club, has announced the launch of its Passage Plan+ Guide,... Read more


Zelim appoints former Survitec boss as chairman to spearhead growth

(Posted on 10/02/25)

Zelim, the Edinburgh-based safety and survival systems innovator, has appointed Doug Baxter as its new... Read more


DNV: Rapid WAPS uptake driven by stricter emission regulations

(Posted on 07/02/25)

A surge in industry interest combined with systems builders and yards scaling up production and installation... Read more


NSU Strengthens fleet oversight with Idwal

(Posted on 07/02/25)

Idwal is pleased to welcome NS United Kaiun Kaisha, Ltd. (NSU) as the latest partner to Idwal ID, our... Read more


Growing adoption of Wind-Assisted Ship Propulsion for sustainable shipping

(Posted on 07/02/25)

Econowind has surpassed 100 VentoFoil units sold, marking a major milestone in the shipping industry... Read more


Shipowners can shield against accidents by better learning from human factors

(Posted on 31/01/25)

The University of Strathclyde in Scotland, UK is encouraging ship operators, safety professionals and... Read more


InterManager elects Sebastian von Hardenberg as President

(Posted on 31/01/25)

InterManager, the international association for the ship management sector, has elected Sebastian von... Read more


Industry urged to share knowledge in cases of seafarer criminalisation

(Posted on 20/01/25)

InterManager, the international trade association for the ship management sector, is calling on shipping... Read more


Geneva DryTelestackPort of StocktonViganSailors Society
  • Vigan
  • Cimbria

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping