Europe’s P&I clubs have issued their first Solvency and Financial Condition Reports (SFCR) and, with cover of 232%, The Swedish Club delivered an excellent set of results, taking third place among the clubs in terms of available capital compared to the Solvency II requirement.
“We are delighted with this outcome” says Mikael Kromli, the Club’s Director, Finance, Risk Management & IT. “We now have one more platform – a set of credible statistics – on which we can communicate to present and future members that we can be fully trusted to be there to honour our financial commitments even under the most difficult conditions and scenarios.”