Uncertain investment climate highlights importance of P&I underwriting discipline: Swedish Club boss

Thomas Nordberg says he is ‘really happy and proud’ with latest results, but warns market volatility is beyond the marine mutual’s control

Protection and indemnity (P&I) clubs cannot rely on investment returns to make good any underwriting shortfall this year, making it all the more imperative to write the right business at the right price, according to the managing director of the Swedish Club.