Press releases

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

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 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.

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 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.

Gard today announced the appointment of Christen Guddal as Chief Claims Officer, effective from 20 February 2016. He will succeed Svein Andersen who will retire from Gard in October of this year, having headed the claims function for seven years.

Gard today announced the appointment of Ole Rikard Rønning as Chief Digital Officer, representing ICT on the Top Management Group (TMG).

Rolf Thore Roppestad, CEO of Gard, said: “I am pleased to report a strong performance at the half year which is the result of a combination of good risk selection, a benign claims environment and a favourable development on prior years. Our strategy of focussing on three key activities; maintaining our financial strength, building an efficient global organisation and developing our market position – has helped us to navigate difficult market conditions.

Gard today announced the creation of three new roles in underwriting management – Chief Underwriting Officers (CUOs) for the Shipowners and Industry segments (Specialty) and for Asia, all reporting to Bjornar Andresen, Group Chief Underwriting Officer.

The Minister of Trade and Industry, Monica Mæland, spent time today at the headquarters of Gard - the world's leading marine insurer - in Arendal.

Rolf Thore Roppestad, CEO of Gard, said “We have delivered a solid result in the first half year, with two good quarters on both the insurance and investment sides of the business".

Gard announced today that it has won the YoungShip International Young Corporation Award for 2014.

Gard announced today that Steffen Schøler has been appointed Vice President, Human Resources, replacing Trygve Nøkleby who is moving to Hong Kong to head the office there.

Gard is pleased to announce that the inaugural recipients of the Claes Isacson Scholarship for maritime education are Wang Wenhao from Singapore and Daniela Gladun from Sweden.

Gard reported gross written premiums of USD 959 million, a surplus after tax of USD 89 million, combined ratio net of 97 per cent and contingency reserves of USD 944 million and announced a reduction in the deferred call for the 2013 policy year.

Gard announced today the opening of its office in Singapore – the 14th office in its global network.

Gard announced today that is has filed proceedings in the English High Court of Justice against the 1971 IOPC Fund to resolve outstanding issues in the Nissos Amorgos incident.

Gard announced today that André Kroneberg has been appointed as Managing Director of the London office, replacing Bjørnar Andresen who is moving to Arendal as Head of Underwriting.

Gard announced today that Gard P. & I. (Bermuda) Limited and Gard Marine & Energy Ltd. have applied for insurer licences in Singapore and, subject to regulatory approval, will be opening an office there in spring 2014.

The Board of Directors of Gard P. & I. (Bermuda) Ltd today announced the appointment of Rolf Thore Roppestad as group CEO. Mr Roppestad, who will take up the position on 1 January, 2014, is currently Co-Head of Underwriting at Gard.