Gard posts 99% combined ratio in H1 as hull claims increase
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Gard posts 99% combined ratio in H1 as hull claims increase

Samuel Casey
04 September 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
gard ship containers.jpg

Gard has posted a combined ratio of 99% in the half year to 30 June 2023 and a non-technical profit of $54mn, as the Norwegian marine insurer experienced an increase in hull claims.


The insurer reported a technical profit of $4mn and equity of $1.3bn on an actual call basis.

Gard said its investments had begun to recover following an “exceptional period” last year, when markets were impacted by the war in Ukraine.

The...


Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Marine Results
sam casey/sam casey ii red.png
Samuel Casey
Senior Reporter
Contact
Gift this article