Swedish Club virtual results

The Swedish Club made history when it conducted its 148th AGM virtually, live from Gothenburg Sweden. In support of global efforts to suppress the Covid-19 pandemic the Club reached out to members, business partners and staff around the world via video conferencing. At the meeting, Lars Rhodin, managing director of The Swedish Club, presented the Club’s 2019 results. These delivered according to plan with an operating result of US$24.6 million and an increase in free reserves of 12 per cent to US$228 million. The Club’s combined ratio continued to perform well, running at an average of 99 per cent over seven years.