Welcome to The Swedish Club News/The Sw… · els ) Vessels GT • Number of vessels 2,587 • Average age 10.3 • GT (Million) ... The Swedish Club 2018 26 Source: Arthur J Gallagher,

1

Welcome to The Swedish ClubThe Swedish Club 2018

It all started in 1872

The Swedish Club 2018 2

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 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


Protectionand Indemnity

Freight Demurrageand Defence

Kidnap and Ransom

Hull and Machinery

War Risks

Loss of Hire and Delay CoverEnergy and Offshore

Increased ValueInsurance 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

9The Swedish Club 2018

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.


931

9.6

37,697

35.1

*including Charterer’s Liability

Number of vessels

GT (million)

Average size (GT)

Average age

1,751

9.3

43,678

74.3

P&I P&I*

Average share

Number of vessels

GT (million)

Average age

2,587

10.3

12.6 %

103.4

1,003

8.8

43.0 %

28.1

Marine & Energy H&M

Average size (GT) 39,982 28,040

Total values (USD billion) 8.2 0.8

FD&D

Loss of Hire

Basic facts as of 22 March 2018


GT - Insurance Year Start

0

20

40

60

80

100

120

140

160

180

200

220

240

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Mill

ion

GT

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

Free reserves at record level

USD214million Investment assets

USD376million

USD19millionsurplusCombined ratio

104 %USD153million

Gross premium

Upgraded financial

position to BBB+

Positive Outlook*


Highlights 2017

4 % P&I Discount

20175 % P&I Discount 2018

*S&P 2018

Result 2017 and 2016


All amounts are stated in USD Million 2017 2016

Premiums net of reinsurance 117.5 130.5

Mutual premium discount (P&I) -3.4 -

Investment income transferred from NTA 5.1 4.7

Claims of net reinsurance -98.1 -102.9

Net operating expenses -24.8 -25.4

Underwriting result -3.8 6.8

Financial result 27.7 9.7

Investment income transferred -5.1 -4.7

Result before appropriations and tax 18.8 11.8

Free reserves 213.9 194.9

Combined ratio 104 % 98 %

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

https://annualreport.swedishclub.com/

Free Reserves 2008 - 2017 (MUSD)


106,8

121,7

151,2141,9

151,0

168,0

186,3 183,1194,9

214,0

0

50

100

150

200

250

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Eligible Own FundsSolvency Capital Requirement

=262 %

2017

Our organisation


Our organisation 2018

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


Facts and Figures

19The Swedish Club 2018

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

0

1000

2000

3000

4000

5000

6000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Nu

mb

ero

fV

esse

ls



GT – Insurance Year Start (20 Feb.)

0

20

40

60

80

100

120

140

160

180

200

220

240

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Milli

on

GT



Vessel Type: Distribution of Fleet

Source: Tysers P&I Report 2017


35%

31%

19%

14%

IG Group Fleet

Bulker

Tanker

Container

Other

37%

20%

39%

4%

The Swedish Club Fleet

N Europe18%

S Europe26%

Mid East8%

Asia48%

P&I: Basic Facts per 22 March 2018

• Number of vessels 1,751

• Average age 9.3

• GT (Million) 74.3

Figures include Charterer’s P&I

0

10

20

30

40

50

60

70

80

90

100

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

FD&D: Basic Facts per 22 March 2018

• Number of vessels 931

• Average age 9.6

• GT (Million) 35.1N Europe

23%

S Europe17%

Mid East5%

Asia55%

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 Europe57%

S Europe22%

Mid East3%

Asia18%

H&M: Basic facts per 22 March 2018

Vessels per market

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

Ve

ss

els

Vessels GT

• Number of vessels 2,587

• Average age 10.3

• GT (Million) 103.4

• Average share (GT) 12.6%


Asset mix as per 20 February 2017


Source: Arthur J Gallagher, Marine P&I Pre-Renewal Review 2017

0%

20%

40%

60%

80%

100%

Cash and other assets

Bonds

Equities

Result 2006 – 2017

11

-2

7

15

30

-9

9

1718

-3

11,8

19

-15

-10

-5

0

5

10

15

20

25

30

35

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

US

D m

illi

on


102,0 99,7106,8

121,7

151,2141,9

151,0

168,0

186,3 183,1

194,9

213,9

0

50

100

150

200

250

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Free Reserves 2006-2017 (MUSD)


Combined ratio seven year averages


95% 96% 99% 100% 100% 101%105% 105% 105% 106% 107% 110%

121%125%

0%

20%

40%

60%

80%

100%

120%

140%

Source: Arthur J Gallagher, Marine P&I Pre-Renewal Review October 2017 and TSC’s accounts

Board of Directors

Board of Directors present at the AGM June 2017


Board of Directors

Baran Sualp, IdilCerBa Group of Companies

Turkey

Bodouroglou, MichaelAllseas Marine S.A.

Greece

Claesson, PeterStena ABSweden

Correa, Jude Seaspan Ship ManagementVancouver, Canada

Coustas, JohnDeputy Chairman

Danaos Shipping Co. Ltd.

Greece

Dragazis, DemetriLatsco (London) Ltd.United Kingdom

Grool, RobVroon B.V.The Netherlands

Grönberg, GustafStar Cruises Management Ltd.Malaysia

Hashim, KhalidDeputy ChairmanPrecious Shipping Public Co LtdThailand

Höglund, LarsFuretank Rederi ABSweden

Källsson, AndersErik Thun ABSweden

Lemos, AndonisEnesel S.A. Greece

Li, ZhenSinotrans Shipping Ltd.People’s Republic of China


Board of Directors

Lim, Sim KeatIMC Industrial GroupSingapore

Lu, JianWinning ShippingSingapore

Manos, DiamantisCostamare Shipping Co. SAGreece

Simonsson, LennartChairmanSweden

Tanthuwanit, SumateRegional Container Lines Co. Ltd.Thailand

Vinnen, MichaelF.A. Vinnen & CoGermany

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

Rhodin, LarsManaging DirectorThe Swedish ClubSweden

Osvald, JakobRepresentative of the employeesThe Swedish ClubSweden

Rydén, ElisabethRepresentative of the employeesThe Swedish ClubSweden


Documents

Welcome to The Swedish Club News/The Sw… · els ) Vessels GT • Number of vessels 2,587 • Average age 10.3 • GT (Million) ... The Swedish Club 2018 26 Source: Arthur J Gallagher,