Skuld boosts contingency reserves by $5m in first nine months
Marine insurer Skuld posted positive a bottom-line result of $5m (£3.2m) for the first nine months of 2014, despite a series of large claims pushing its underwriting result into the red.
The firm posted a negative underwriting result of $6.5m, following a number of large claims (in excess of $1m) from Skuld members in the third quarter.
These claims still fall within Skuld's own club
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