Record renewal sees fleet consolidation at Gard

22 February 2021

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Bjørnar Andresen, Gard’s Chief Underwriting Officer said: "The key theme of this renewal was consolidation. We saw many owners shifting more, or all, of their fleet to Gard to benefit from the financial strength and predictability that we offer.  We have achieved a record amount of new business at renewal at prices that achieve a good balance between owners’ needs and underwriting profitability. We are delighted that the consistency we deliver in terms of our product, pricing and service is appreciated both by existing and new Members.”  

Notes to Editors

1. Gard is a shipowner-controlled provider of P&I, marine and energy insurance products, with gross written premium of USD 900 million, with over 500 staff in 13 offices around the world.
2. The direct insurance entities within the Gard group; Gard P. & I. (Bermuda) Ltd, Assuranceforeningen Gard, Gard Marine & Energy Limited and Gard Marine & Energy Insurance (Europe) AS are rated ‘A+' by Standard & Poor’s.

Contacts

Caroline Wagstaff, Luther Pendragon                                                        
Tel:     +44 207 618 9158