Premiums reduced for tenth year in a row


15 May 2019 - Results impacted by a few severe claims and IT write-off.

Member retention levels endorses strategy of stability and predictability


20 February 2019 - With the closing of the 2019 P&I renewal on 20 February, Gard today announced that its net tonnage had increased by over 7 million in the last 12 months, with total owners’ mutual now in excess of 214 million GT. 99% of existing tonnage stayed with Gard.

Strong technical result delivers surplus for the half year


1 November 2018  Gard group reports a result after tax of USD 27 million, with a combined ratio net of 78 per cent and no general increase for the 2019 policy year.

Claes Isacson Scholarship winner announced


11 September 2018 -Gard announced the 2018 winner of the Claes Isacson Scholarship following its Annual General Meeting in Arendal on Friday, 7 September. The Scholarship winner for this year is Robert Michael Veal from the United Kingdom. He is a PhD student at the University of Southampton, specialising in the legal issues arising from the use of marine autonomous systems.

Gard announces new Chair


21 June 2018 -Gard announced that Morten W. Høegh chairman of Höegh LNG has been elected Chairman of the Board of Gard P. & I. (Bermuda) Ltd., with effect from today. He takes over from Bengt Hermelin who has held the position since 2013. Gard is also pleased to announce that Michael Lykiardopulo of Neda Maritime Agency Co. Ltd. has been elected as the new Deputy Chairman.

Gard joins UN Action Platform for the Ocean


4 JUNE 2018 Gard has been invited to join the UN Global Compact’s Business Action Platform for the Ocean, a cooperation between business, governments, academia and NGOs. It will explore commercially attractive and viable solutions, suggest industry standards and establish guidelines and best practices to ensure the sustainable use and management of the ocean.

Strong performance allows reduced premiums


In Japanese - 好調な業績で保険料減額を実現

Steady underwriting & first-class investment results means 20% fall in mutual premiums.

Gard appoints new Managing Director for Hong Kong office


Gard announced today that Mark Russell has been appointed Managing Director of the Hong Kong office effective 1 August, 2018, replacing Trygve Nøkleby who will be returning to Gard in Bergen in a senior position.

Member retention affirms stability and predictability


After the closing of the P&I renewal on 20 February 2018, Gard announced today a strong renewal, with a net tonnage gain of 3.0 million GT.  An increase of 8.2 million in the last 12 months is bringing the total owners mutual to excess of 207 million GT.  

Gard appoints senior underwriter in London office


Gard announced today that Louise Nevill has been appointed as a Vice President, to lead the underwriting team in the London office.

Gard appoints new Managing Director for New York office


Gard announced today that Patrick Michael Leahy has been appointed Managing Director of its New York office effective from 1 August, 2018, replacing Sandra Gluck who will be retiring. 

PPL chosen to deliver current and future client needs


Gard announced today that it has begun trading marine business on the London insurance market’s electronic placing platform, PPL (Placing Platform Ltd), which enables brokers and underwriters to quote, negotiate, bind and endorse business digitally on a single market-wide system. 

Quality membership drives strong performance


The first half of the 2017 financial year has seen strong performance across the group. Rolf Thore Roppestad, CEO of Gard, said: “Gard’s insurance performance has been better than forecast over the last three years due to a benign claims environment both in terms of frequency and severity. The other critical factor, however, has been the quality of our membership." 

Gard reports 2017 results and waives deferred call


Following the meeting of the Board of Directors on 8 May 2017, Gard today announced its results for the year ending 20 February 2017, and the waiver of the entire deferred call for the 2016 policy year. This represents a 20% reduction on the premium agreed at the beginning of the policy year.

Gard reports strong half year results


For the first six months of the 2016 financial year, ending 20 August, Gard reported strong results at a group level with a result after tax of USD 97 million, a combined ratio net of 97 per cent and an investment return of USD 82 million. 

Gard is a new Green Award incentive provider


Gard, the largest P&I Club and leading marine hull insurer, has become the first insurer to become a Green Award Incentive Provider.

Gard reports 2016 results and reduces deferred call


Reporting at a group level, Gard reported a surplus after tax of USD 85 million on an Estimated Total Call (ETC) basis and Combined ratio net of 83 per cent. The deferred call for the 2015 policy year will be 15 per cent of the advance call – 10 percentage points lower than the original estimate of 25 per cent and the insurance cost for mutual Members will be reduced by USD 37 million.


Gard appoints new Managing Director for London office


Gard announced today that Thomas Nordberg has taken up the role as Managing Director of the London office, replacing André Kroneberg who has moved to be Chief Underwriting Officer – Asia.

DNV GL, Gard and The Swedish Club work together to help reduce anchor losses


The root cause of many groundings and collisions is lost anchors which are also among the top five reasons for claims costs overall. A rising number of anchor losses reported over the last several years prompted DNV GL, Gard and The Swedish Club to investigate this issue.

Gard launches Guidance on Freight Containers


Gard today announced the launch of a new publication: Guidance on Freight Containers, the latest in a series of Gard Guidance books. The publication provides comprehensive information on handling containers both in terms of operations, geographical differences, regulations relating to transportation, design and maintenance of containers, and insurance.