Gard is pleased to announce that Bart Mertens has joined Gard as a Senior Underwriter in the Charterers Traders team.
Gard reports a profit for the period to 20th August of USD 107 million resulting from a sound underwriting performance, a positive claims environment and a healthy return on investments.
Gard today announced that, at the meeting of the Board of Directors held on 31 May, 2010 it was decided to return USD 40 million to the mutual members of the Club by reducing the deferred call for 2009 from 25% to 10% of the advanced call.
"2009 saw positive results across all areas of the group's operations" said Stephen Pan, Chairman of the Board. "The insurance operations performed very well with a combined ratio across the group of 92% and our investment return was19%."
Gard is pleased to announce that Tadashi Sugimoto will be joining the group's Tokyo office on 20 February, 2010, as managing director of Gard (Japan).
Gard announced today that it has recruited Michael Moon, currently a partner at the London-based solicitors, Bentleys Stokes and Lowless, as a Senior Defence lawyer to work in its Oslo office. He will join Gard on the 1st April, 2010.
Standard & Poor's Ratings Services (S&P) today confirmed its long-term counterparty credit and insurer financial strength ratings on Assuranceforeningen Gard - gjensidig - and its related core entities as 'A' stable.
Gard is pleased to announce that it will be making a number of organisational changes in the autumn of this year.
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.