Gard going forward

03.03.09

Gard announced today that it will create a separate specialist team for investment management, as well as enhancing the existing risk management department. The changes will take effect from the 9th of March and are in response to the resignation of Chief Financial Officer, Just Arne Storvik.

Standard & Poor¿s publishes detailed rationale for A+ rating

27.02.09

Standard & Poor’s published today a detailed report on the rationale for the A+ (Negative outlook) financial strength rating for Gard’s principal operating entities. Claes Isacson, CEO, commented: "The speed and severity of the economic downturn in the past year has been unprecedented and in this context, Standard & Poor’s has reviewed the consequences for the wider insurance industry and the P&I clubs specifically. We believe that our A+ rating is a testimony to the fact that we have put a strong financial position at the heart of our business model.

Gard reports group half year results and 2009 P&I premiums

27.11.08

The results for the first half of the 2008 policy year have been affected both by the current claims environment and the volatility in the investment markets.   During this period, there were no Pool claims for this policy year – a highly unusual occurrence – however both the frequency and severity of claims in marine and P&I have deteriorated across the industry

Gard creates new security provider

17.11.08

Gard today announced the creation of a new insurer - Safeguard Guarantee Company Ltd - which has been established in Bermuda to offer financial security under the International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001.

Gard opens Greek office

11.11.08

Gard is pleased to announce today the opening of its office in Piraeus. 

Gard reports group half year results and 2009 P&I premiums

27.10.08

The results for the first half of the 2008 policy year have been affected both by the current claims environment and the volatility in the investment markets.  During this period, there were no Pool claims for this policy year – a highly unusual occurrence – however both the frequency and severity of claims in marine and P&I have deteriorated across the industry

Gard reports strong 2007 results

26.05.08

Following a meeting of the Board of Directors in Dublin on Monday 26th of May, Gard has released highlights from its consolidated results for the year ending 20th February 2008.

Gard strengthens Greek team

19.05.08

Gard announced today that Lily Karaiscos will be joining the Group as a Special Advisor, with particular focus on the development of its business in Greece.

Gard recruits Greek specialist

15.04.08

Gard is pleased to announce that George A. Karkas will be joining the Group on 1st June 2008 to develop its Greek business, as part of its ongoing commitment to deliver the best possible local service.

A+ (stable) rating re-affirmed by Standard & Poor's & Enterprise Risk Management program assessed as 'Strong'

08.02.08

Standard & Poor’s announced today that it has re-affirmed their ratings on Assuranceforeningen Gard, Gard P&I (Bermuda) Ltd and Gard Marine & Energy (Gard M&E) as A+ (Stable Outlook), the highest rating of any marine mutual. For the first time Gard’s Enterprise Risk Management (ERM) programme has been part of the ratings review and has been assessed as “strong” overall, meaning that it is highly unlikely that the Group will experience losses outside of its risk appetite under normal circumstances.