Welcome to The Swedish Club...It all started in 1872 • 1872 - Established in Göteborg as a Hull...

Updated May 2019The Swedish Club 2019 1

Welcome to The Swedish Club


It all started in 1872

It all started in 1872

• 1872 - Established in Göteborg as a Hull Mutual

• 1910 - P&I introduced

• 1971 - International with the first non-Swedish entry of the “Flowergate”

• 1984 - FD&D introduced

• 2011 - Energy introduced

Offices in:

• Gothenburg HQ 1872

• Piraeus 1980

• Hong Kong 1982

• Tokyo 1991

• Oslo 2010

• London 2015

The Swedish Club 2019 3Updated May 2019

The Swedish Club has been a marine insurance provider since 1872. As a mutual organisation we have our members’ best interests at heart at all times

We are committed to a strategy of• Prudent pricing• Long term relationships• Effective risk management

Delivered through our core values of• Proactivity• Reliability• Commitment


Based on the Swedish values of flexibility, openness and responsibility, The Swedish Club provides:

• Efficient case management

• Prompt decision making

• Fast, fair and effective claims settlements

• In-house expertise and adjusting capabilities

• A strategic local presence with a global reach


Our work is based on three key priorities:

• Professional marine insurance cover

• Swift claims processing handled by experts

• Proactive loss prevention


Protection

and Indemnity

Freight Demurrage

and Defence

Kidnap and Ransom

Hull and Machinery

War Risks

Loss of Hire

and Delay CoverEnergy and Offshore

Increased Value

Insurance and Freight

Interest Insurance


First class service and in-house expertise delivered:

• Through a team based approach - 24/7, 365 days a year

• From The Swedish Club’s headquarters in Gothenburg, and offices in Piraeus, Hong Kong, Tokyo, Oslo and London

• By expert lawyers, master mariners, naval architects, marine engineers and adjusters, all with specialist experience in their individual fields


Loss prevention is at the heart of everything we do. It:

• Saves lives• Protects the environment• Delivers onboard efficiencies


Delivered through:

• Training – Emergency Response Training, Maritime Resource Management (MRM) and

Monthly Safety Scenario

• Initiatives – The Swedish Club PEME, The Swedish Club Operations Review (SCORE),

benchmarking and awareness campaigns

• Information – Member Alerts, loss prevention publications and guidance


• An essential part of your loss prevention programme, MRM fosters:

• Positive and constructive attitudes

• Good personal communication

• Leadership excellence

• Compliance with operating procedures

• Reduced accidents and incidents

• Increased situational awareness

• More effective management of available resources

• Improved onboard communication

• Less complacency

• Effective implementation of standard operating procedures


A comprehensive incident simulation process, helping you become better at emergencies.

• Training at member’s location• Detailed incident scenario covering: progression of events, individual responsibilities,

phases of the incident, the emergency response process• Involvement of salvors, media representatives, the port state authority, the flag

state, the local coastguard etc.



Facts and Figures

1,039

9.8

36,200

39.7

*including Charterer’s Liability

Number of vessels

GT (million)

Average size (GT)

Average age

1,911

10,1

39,839

75,3

P&I P&I*

Average share

Number of vessels

GT (million)

Average age

2,842

10,4

13,5 %

110.3

893

10,5

38,3 %

29.5

Marine & Energy H&M

Average size (GT) 38,826 33,051

Total values (USD billion) 8.8 0.7

FD&D

Loss of Hire

Basic facts as of 10 April 2019


GT - Insurance Year Start

0

20

40

60

80

100

120

140

160

180

200

220

240

260

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Mill

ion

GT

H&M P&I + Charterer's P&I FD&D

Trade-enabling

Loss Prevention

Investment assets

USD345million

Stable Underwriting performance

Combined ratio

99%

USD143million

Gross premium income

2018

Upgraded

financial position

to A- with stable

outlook*


Highlights 2018

5 % P&I Discount

2018

*S&P 2019

Free reserves

USD204million

Increased demand for Emergency Response Training


Financial highlights 2018All amounts are stated in USD Million 2018

Calls and premiums 146.1

Reinsurance premiums -34.9

Net claims incurred -86.6

Investment result -5.9

Operating result* -5.2

Loss ratio 78%

Expense ratio 21%

Combined ratio 99%

Free reserves at year end 203.8

*Before decided P&I discount.

Find more financial information on https://annualreport.swedishclub.com

https://annualreport.swedishclub.com/

Free Reserves 2008 - 2018 (MUSD)


106,8121,7

151,2141,9

151,0

168,0

186,3 183,1194,9

214,0204,0

0

50

100

150

200

250

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Basic Own FundsSolvency Capital Requirement

=237 %

2018


Number of Vessels – Insurance Year Start (20 Feb.)

0

1000

2000

3000

4000

5000

6000

7000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Nu

mb

er

of

Ve

sse

lsH&M P&I + Charterer's P&I FD&D


GT – Insurance Year Start (20 Feb.)

0

20

40

60

80

100

120

140

160

180

200

220

240

260

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Mill

ion

GT

H&M P&I + Charterer's P&I FD&D


Vessel Type: Distribution of Fleet

Source: Tysers P&I Report 2018

35%

31%

19%

14%

IG Group Fleet

Bulker

Tanker

Container

Other

37%

20%

39%

4%

The Swedish Club Fleet


N Europe18%

S Europe26%

Mid East2%

Asia54%

• Number of vessels 1,911

• Average age 9.9

• GT (Million) 75,3Figures include Charterers’ P&I

0

10

20

30

40

50

60

70

80

0

250

500

750

1 000

1 250

1 500

1 750

2 000

2 250

GT

(M

illio

n)

Nu

mb

er

of

Ve

ss

els

Vessels GT

GT per market Figures exclude Charterer’s P&I

P&I: Basic Facts per 10 April 2019


FD&D: Basic Facts per 10 April 2019

• Number of vessels: 1,039

• Average age: 9.8

• GT (Million): 39.7 N Europe31%

S Europe30%

Mid East4%

Asia35%

GT per market

0

5

10

15

20

25

30

35

40

45

0

200

400

600

800

1000

1200

GT (

Millio

n)

Nu

mb

er

of

Ve

sse

ls

Vessels GT


N Europe50%

S Europe29%

Mid East1%

Asia20%

H&M: Basic Facts per 10 April 2019

0

20

40

60

80

100

120

140

0

500

1 000

1 500

2 000

2 500

3 000

3 500

GT

(M

illi

on

)

Nu

mb

er

of

Ves

se

ls

Vessels GT

• Number of vessels: 2,842

• Average age: 10.4

• GT (Million): 110.3

• Average share (GT): 13,5%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Equities Bonds Cash & other types of investments


Asset Mix as per 20 February 2018

Source: Arthur J Gallagher, Marine P&I Pre-Renewal Review 2018


Results 1997 – H1 2018

-30

-20

-10

0

10

20

30

40

1997 2000 2003 2006 2009 2012 2015 H1 2018

USD

mill

ion


Free Reserves 2008-2018

106,8121,7

151,2141,9

151

168

186,3 183,1194,2

213,8 210

0

50

100

150

200

250

300

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 H1 2018


Combined Ratio Seven Year Averages

94%98% 99% 100%

104% 104% 105% 105% 106% 107% 109% 112%121% 123%

0%

20%

40%

60%

80%

100%

120%

140%

Source: Arthur J Gallagher, Marine P&I Pre-Renewal Review September 2018 and TSC’s accounts

The Swedish Club 2019 2

23 Jan 2019

Updated May 2019


Our organisation

Gothenburg Piraeus Hong Kong Tokyo Oslo London

The Swedish Club Academy AB

Martin HernqvistManaging Director

Finance, Risk Mgmt. & IT

Mikael KromliDirector

Team Pireus

Hans FilipssonArea Manager / General

Manager

Strategic Business Development & Client Relations

Lars A. MalmDirector

Team Norway

Tore ForsmoArea Manager

Corporate Legal

Anders LeissnerDirector

Lars RhodinManaging Director

Information Technology

Magnus AxelssonManager

Human Resources

Britta PatrikssonDirector

Marketing Communications

Marina Smyth SamsjöManager

Team Gothenburg

Johan KahlmeterArea Manager

Team Asia

Ruizong WangArea Manager / Managing

Director

Team London

Lars NilssonArea Manager

Underwriting,Reinsurance & Risk Control

Tord NilssonDirector

Cash Management

Elisabeth RydénManager


Board of Directors

Board of Directors present at the AGM June 2018


Board of Directors

Baran Sualp, IdilCerBa Group of Companies

Turkey

Beis, Thanasis C.Costamare Shipping Co. S.A.Greece

Bodouroglou, MichaelAllseas Marine S.A.

Greece

Claesson, PeterStena ABSweden

Correa, Jude Seaspan Ship ManagementCanada

Coustas, JohnDeputy Chairman

Danaos Shipping Co. Ltd.

Greece

Dragazis, DemetriLatsco (London) Ltd.United Kingdom

Grool, RobVroon B.V.The Netherlands

Grönberg, GustafGenting Cruise LinesMalaysia

Gu, ZhongdongCosco Shipping Co. S.a.People’s Republic of China

Hashim, KhalidDeputy ChairmanPrecious Shipping Public Co LtdThailand

Höglund, LarsFuretank Rederi ABSweden

Källsson, AndersErik Thun ABSweden

Lemos, AndonisEnesel S.A. Greece

Livijn, MikaelWallenius Marine ABSweden


Board of Directors

Lu, JianWinning ShippingSingapore

Simonsson, LennartChairmanSweden

Tanthuwanit, TwinchokRegional Container Lines Co. Ltd.Thailand

Vinnen, MichaelF.A. Vinnen & CoGermany

Weng, YiChina Shipping (Group) CompanyPeoples’ Republic of China

Zou, YingyingChina Merchants Energy Shipping (HK) Co. LtdHong Kong

Rhodin, LarsManaging DirectorThe Swedish ClubSweden

Osvald, JakobRepresentative of the employeesThe Swedish ClubSweden

Rydén, ElisabethRepresentative of the employeesThe Swedish ClubSweden

Welcome to The Swedish Club...It all started in 1872 • 1872 - Established in Göteborg as a Hull...

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