|Key people||Douglas Jacobsohn (CEO)
Klaus Kjærulff (Chairman)
|Products||P&I, Defence, Offshore insurance|
|Revenue||USD 190 million (2008)|
Assuranceforeningen Skuld is an international mutual marine insurance company based in Oslo, Norway that specializes in protection and indemnity insurance. Total premiums for own account for the 2008 insurance year were USD 190 million. In addition to Oslo, Skuld has offices in Bergen, Copenhagen, Hamburg, Hong Kong, London, Moscow, New York and Piraeus.
Skuld was established in 1897 in Oslo. The name has its origins in Norse mythology according to which Skuld is one of the powerful goddesses known as norns who weave the threads of destiny. The purpose of the Association is "mutual insurance against liabilities and losses incurred by members in direct connection with the operation of the entered vessels".
Present status 
As a mutual association, the club has no shareholders and is owned and controlled directly by its insured shipowners who are known as members of the club and are entitled to vote at the general meeting according to the gross tonnage of the ships entered in the Association. The members elect a Committee of between 10 and 28 members which meets twice a year, and a Board of Directors consisting of between five and nine members. The conditions of membership and terms of insurance are contained in the Statutes and Rules.
Skuld underwent a major restructuring in the period 2000 to 2003 which led to a substantial improvement in its financial strength and Standard & Poor's rating of A- with a stable outlook. The Annual Report for the insurance year ending 20 February 2009 records total assets of USD 441.5 million and contingency reserves of USD 144 million. At the commencement of the 2009/2010 insurance year, owners' tonnage reached more than 50 million gross tonnes. Some 40% of the tonnage entered continues to be Scandinavian-controlled. Skuld is also a leading provider of charterers' liability insurance.
Skuld is one of thirteen members of the International Group of P&I Associations that work closely together in reinsurance and industry matters of common interest. The P&I Clubs in the International Group provide insurance for the liabilities of approximately 90% of the world's merchant fleet.
Scope of insurance 
The P&I ("Protection and Indemnity") insurance provided by Skuld to its members is primarily to cover the liabilities which they incur to third parties arising out of the operation of their ships. The common types of claim which are covered are for death or injury to passengers and crew, oil pollution, cargo loss or damage, collision, wreck removal and stowaways. Shipowners' exposure to these claims has grown in line with increasing regulation of the shipping industry through International Conventions adopted by the International Maritime Organisation as well as by domestic or regional legislation.
Skuld also provides shipowners and charterers with additional types of cover. This includes cover for legal assistance and legal costs ("defence" cover) as well as insurance for operators of units in the offshore and energy sector.
- About - Skuld
- "Insurance News - Norwegian P&I Club Skuld Looks to Lloyd's for New Horizons". 2010-12-18. Retrieved 2010-12-18.
- "www.fairplay.co.uk - SKULD to shake London marine market". 2010-12-18. Retrieved 2010-12-18.