Insurance Post

Skuld CEO upbeat following Q3 growth in contingency reserves

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Skuld has chalked up a third quarter $32.8m (£20m) rise in its premium income alongside an increase of $50.7m in its contingency reserves on Q3 last year.

The marine insurance provider also recorded a reduction in claims to $164m in the third quarter (Q3 2012: $168m).

Reduction in claims reserves from previous policy years and an absence of major claims

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