What's Happening?
The Swedish Club (TSC) has successfully concluded its 2026 Protection and Indemnity (P&I) renewal with a 99% retention rate. Over the past year, the club has seen an 8% increase in entered tonnage, attributed to organic growth within its existing membership
and the acquisition of selective new business. This growth reflects the club's commitment to proactive risk management, responsive claims handling, and personalized service. CEO Thomas Nordberg emphasized the dedication of the club's teams in achieving these results.
Why It's Important?
The Swedish Club's high retention rate and increased tonnage highlight its strong position in the maritime insurance industry. This success is indicative of the club's effective risk management strategies and its ability to attract and retain members. The growth in tonnage also suggests confidence in the club's services and its capacity to support maritime operations. As the industry faces challenges such as regulatory changes and economic uncertainties, TSC's performance sets a benchmark for other maritime insurers.
