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Skuld sees sharp fall in net income, as half-year combined ratio hits 112%

Marine insurer Skuld has seen a sharp fall in financial performance for the first six months of the 2019/20 policy year, with bottom-line net income of just $2m, down from $14m at the same stage last year

‘Despite the high number of reported claims, we are pleased with the half-year result, particularly given the challenging international marine insurance environment’ — chief executive Ståle Hansen

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