Press releases

27 November 2019 - Gard announced today that Magne Nilssen will take up the newly created post of Chief Underwriting Officer London from 1 March 2020.

7 November 2019 - Gard reports a result after tax of USD 65 million for the period ending 20 August 2019 and announces that there will be no general increase in the Estimated Total Call for owners’ mutual P&I or for mutual FD&D for the next year.

Wednesday, 16 October 2019 - Gard announced today that Christian Pritchard-Davies has been appointed Chief Financial Officer, effective from 1 January 2020. He is currently Vice President - Head of Infrastructure & Operations at Gard.

3 October 2019 - Gard will be hosting a two-day conference on 17/18 October 2019 focusing on cargo fires on container vessels. Key stakeholders from across the industry, representing container ship operators, charterers, flag states, classification societies, insurance companies, salvors, fire experts and maritime organisations, will meet at Gard’s headquarters in Arendal, Norway to discuss prevention and mitigation of such fires. 

Rolf Thore Roppestad, CEO of Gard, today participated in the launch of the Sustainable Ocean Principles at the United Nations in New York. The UN Global Compact’s Platform for Sustainable Ocean Business has, in consultation with more than 300 stakeholders worldwide, developed the Principles in order to emphasise the responsibility of business to take the necessary actions to secure a healthy and productive ocean.

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

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.

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.

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.

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.

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.

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 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.

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

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. 

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." 

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.

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.