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Private company

Assuranceforeningen Skuld

Logo: skuld.com4

Marine insurance company

Assuranceforeningen Skuld (Gjensidig) is an international marine insurance mutual based in Oslo, Norway that specializes in protection and indemnity insurance and marine insurance. Total premium income for 2023/24 was US$527 million. In addition to Oslo, Skuld has offices in Bergen, Bermuda, Copenhagen, Hamburg, Hong Kong, London, New York, Piraeus, Singapore and Tokyo.2 It employed 285 people in 2019.1 Its revenue was $402 million in 2019.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Feb 1, 1897Founded1
  • Industrymarine insurance1
  • HeadquartersOslo1
  • Websiteskuld.com
  • Legal formgjensidig forsikringsselskap1
  • LEI213800Z8EPWX5ZXJVA023
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressRÅDHUSGATA 27, 0158 Oslo, Norway3
  • Registered withThe Brønnøysund Register Centre, 9384195313

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Assuranceforeningen Skuld (Gjensidig) is an international marine insurance mutual based in Oslo, Norway that specializes in protection and indemnity insurance and marine insurance. Total premium income for 2023/24 was US$527 million. In addition to Oslo, Skuld has offices in Bergen, Bermuda, Copenhagen, Hamburg, Hong Kong, London, New York, Piraeus, Singapore and Tokyo. It was established in 1897 as the first P&I Club outside the United Kingdom. Skuld is one of twelve members of the International Group of P&I Clubs.2

The story

Skuld was established in 1897 in Oslo, Norway, as the first P&I Club outside the United Kingdom. The name has its origins in Norse mythology, according to which Skuld is one of the powerful goddesses known as norns who weave the threads of destiny. The purpose of the association is "mutual insurance against liabilities and losses incurred by members in direct connection with the operation of the entered vessels".

From Wikipedia’s article on Assuranceforeningen Skuld, shared under CC BY-SA 4.0.5

Products and brands

  • petroleum industry
  • protection and indemnity insurance

Listed on Wikidata.1

Employees over time

  • 20192851

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Assuranceforeningen Skuld revenue by year1$402.0M in 2019+0% since 2018
0$200.0M$400.0M$600.0M2018: $402.0M$402.0M20182019: $402.0M$402.0M2019+0%
  • 2019$402.0M1
  • 2018$402.0M1

Timeline

  1. Feb 1, 1897Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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