Welcome to The Swedish Club The Swedish Club 2019 Updated May 2019 - - PowerPoint PPT Presentation

Updated May 2019 The Swedish Club 2019 1

Welcome to The Swedish Club

Updated May 2019 The Swedish Club 2019 2

It all started in 1872

It all started in 1872

• 1872
• Established in Göteborg as a Hull Mutual
• 1910
• P&I introduced
• 1971
• International with the first non-Swedish

entry of the “Flowergate”

• 1984
• FD&D introduced
• 2011
• Energy introduced

Offices in:

• Gothenburg HQ

1872

• Piraeus

1980

• Hong Kong

1982

• Tokyo

1991

• Oslo

2010

• London

2015

The Swedish Club 2019 3 Updated May 2019

The Swedish Club has been a marine insurance provider since 1872. As a mutual organisation we have our members’ best interests at heart at all times

We are committed to a strategy of

• Prudent pricing
• Long term relationships
• Effective risk management

Delivered through our core values of

• Proactivity
• Reliability
• Commitment

Updated May 2019 The Swedish Club 2019 4

Based on the Swedish values of flexibility, openness and responsibility, The Swedish Club provides:

• Efficient case management
• Prompt decision making
• Fast, fair and effective claims settlements
• In-house expertise and adjusting capabilities
• A strategic local presence with a global reach

Updated May 2019 The Swedish Club 2019 5

Our work is based on three key priorities:

• Professional marine insurance cover
• Swift claims processing handled by experts
• Proactive loss prevention

Updated May 2019 The Swedish Club 2019 6

Protection and Indemnity Freight Demurrage and Defence Kidnap and Ransom Hull and Machinery War Risks Loss of Hire and Delay Cover Energy and Offshore Increased Value Insurance and Freight Interest Insurance

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First class service and in-house expertise delivered:

• Through a team based approach - 24/7, 365 days a year
• From The Swedish Club’s headquarters in Gothenburg, and
• ffices in Piraeus, Hong Kong, Tokyo, Oslo and London
• By expert lawyers, master mariners,

naval architects, marine engineers and adjusters, all with specialist experience in their individual fields

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Loss prevention is at the heart of everything we do. It:

• Saves lives
• Protects the environment
• Delivers onboard efficiencies

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Delivered through:

• Training – Emergency Response Training, Maritime Resource Management (MRM) and

Monthly Safety Scenario

• Initiatives – The Swedish Club PEME, The Swedish Club Operations Review (SCORE),

benchmarking and awareness campaigns

• Information – Member Alerts, loss prevention publications and guidance

The Swedish Club 2019 10 Updated May 2019

• An essential part of your loss prevention programme, MRM fosters:
• Positive and constructive attitudes
• Good personal communication
• Leadership excellence
• Compliance with operating procedures
• Reduced accidents and incidents
• Increased situational awareness
• More effective management of available resources
• Improved onboard communication
• Less complacency
• Effective implementation of standard operating procedures

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A comprehensive incident simulation process, helping you become better at emergencies.

• Training at member’s location
• Detailed incident scenario covering: progression of events, individual responsibilities,

phases of the incident, the emergency response process

• Involvement of salvors, media representatives, the port state authority, the flag

state, the local coastguard etc.

Updated May 2019 The Swedish Club 2019 12

Updated May 2019 The Swedish Club 2019 13

Facts and Figures

1,039 9.8 36,200 39.7

*including Charterer’s Liability

Number of vessels GT (million) Average size (GT) Average age

1,911 10,1 39,839 75,3

P&I

P&I*

Average share Number of vessels GT (million) Average age

2,842 10,4 13,5 % 110.3 893 10,5 38,3 % 29.5

Marine & Energy

H&M

Average size (GT)

38,826 33,051

Total values (USD billion)

8.8 0.7 FD&D Loss of Hire

Basic facts as of 10 April 2019

Updated May 2019 The Swedish Club 2019 14

GT - Insurance Year Start

20 40 60 80 100 120 140 160 180 200 220 240 260 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Million GT H&M P&I + Charterer's P&I FD&D

Trade- enabling Loss Prevention

Investment assets

USD345

million

Stable Underwriting performance

Combined ratio

99%

USD143

million

Gross premium income 2018

Upgraded financial position to A- with stable

• utlook*

Updated May 2019 The Swedish Club 2019 15

Highlights 2018

5 % P&I Discount 2018

*S&P 2019

Free reserves

USD204

million

Increased demand for Emergency Response Training

Updated May 2019 The Swedish Club 2019 16

Financial highlights 2018

All amounts are stated in USD Million 2018 Calls and premiums 146.1 Reinsurance premiums

• 34.9

Net claims incurred

• 86.6

Investment result

• 5.9

Operating result*

• 5.2

Loss ratio 78% Expense ratio 21% Combined ratio 99% Free reserves at year end 203.8

*Before decided P&I discount. Find more financial information on https://annualreport.swedishclub.com

Free Reserves 2008 - 2018 (MUSD)

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106,8 121,7 151,2 141,9 151,0 168,0 186,3 183,1 194,9 214,0 204,0 50 100 150 200 250 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Basic Own Funds Solvency Capital Requirement

=

237 %

2018

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Number of Vessels – Insurance Year Start (20 Feb.)

1000 2000 3000 4000 5000 6000 7000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Number of Vessels

H&M P&I + Charterer's P&I FD&D

Updated May 2019 The Swedish Club 2019 19

GT – Insurance Year Start (20 Feb.)

20 40 60 80 100 120 140 160 180 200 220 240 260 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Million GT

H&M P&I + Charterer's P&I FD&D

Updated May 2019 The Swedish Club 2019 20

Vessel Type: Distribution of Fleet

Source: Tysers P&I Report 2018

35% 31% 19% 14%

IG Group Fleet Bulker Tanker Container Other

37% 20% 39% 4%

The Swedish Club Fleet

The Swedish Club 2019 21 Updated May 2019

N Europe 18% S Europe 26% Mid East 2% Asia 54%

• Number of vessels

1,911

• Average age

9.9

• GT (Million)

75,3

Figures include Charterers’ P&I

10 20 30 40 50 60 70 80 250 500 750 1 000 1 250 1 500 1 750 2 000 2 250 GT (Million)

Number of Vessels Vessels GT GT per market

Figures exclude Charterer’s P&I

P&I: Basic Facts per 10 April 2019

The Swedish Club 2019 22 Updated May 2019

FD&D: Basic Facts per 10 April 2019

• Number of vessels: 1,039
• Average age:

9.8

• GT (Million):

39.7

N Europe 31% S Europe 30% Mid East 4% Asia 35%

GT per market

5 10 15 20 25 30 35 40 45 200 400 600 800 1000 1200

GT (Million) Number of Vessels

Vessels GT

The Swedish Club 2019 23 Updated May 2019

N Europe 50% S Europe 29% Mid East 1% Asia 20%

H&M: Basic Facts per 10 April 2019

20 40 60 80 100 120 140 500 1 000 1 500 2 000 2 500 3 000 3 500 GT (Million) Number of Vessels

Vessels GT

• Number of vessels:

2,842

• Average age:

10.4

• GT (Million):

110.3

• Average share (GT):

13,5%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Equities Bonds Cash & other types of investments

Updated May 2019 The Swedish Club 2019 24

Asset Mix as per 20 February 2018

Source: Arthur J Gallagher, Marine P&I Pre-Renewal Review 2018

Updated May 2019 The Swedish Club 2019 25

Results 1997 – H1 2018

• 30
• 20
• 10

10 20 30 40 1997 2000 2003 2006 2009 2012 2015 H1 2018 USD million

Updated May 2019 The Swedish Club 2019 26

Free Reserves 2008-2018

106,8 121,7 151,2 141,9 151 168 186,3 183,1 194,2 213,8 210 50 100 150 200 250 300

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 H1 2018

Updated May 2019 The Swedish Club 2019 27

Combined Ratio Seven Year Averages

94% 98% 99% 100% 104% 104% 105% 105% 106% 107% 109% 112% 121% 123%

0% 20% 40% 60% 80% 100% 120% 140%

Source: Arthur J Gallagher, Marine P&I Pre-Renewal Review September 2018 and TSC’s accounts

The Swedish Club 2019 2

23 Jan 2019

Updated May 2019

The Swedish Club 2019 29 Updated May 2019

Our organisation

Gothenburg Piraeus Hong Kong Tokyo Oslo London

The Swedish Club Academy AB

Martin Hernqvist

Managing Director Finance, Risk Mgmt. & IT

Mikael Kromli

Director Team Pireus

Hans Filipsson

Area Manager / General Manager Strategic Business Development & Client Relations

Lars A. Malm

Director Team Norway

Tore Forsmo

Area Manager Corporate Legal

Anders Leissner

Director

Lars Rhodin

Managing Director Information Technology

Magnus Axelsson

Manager Human Resources

Britta Patriksson

Director Marketing Communications

Marina Smyth Samsjö

Manager Team Gothenburg

Johan Kahlmeter

Area Manager Team Asia

Ruizong Wang

Area Manager / Managing Director Team London

Lars Nilsson

Area Manager Underwriting, Reinsurance & Risk Control

Tord Nilsson

Director Cash Management

Elisabeth Rydén

Manager

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Board of Directors

Board of Directors present at the AGM June 2018

The Swedish Club 2019 31 Updated May 2019

Board of Directors

Baran Sualp, Idil

CerBa Group of Companies Turkey

Beis, Thanasis C.

Costamare Shipping Co. S.A. Greece

Bodouroglou, Michael

Allseas Marine S.A. Greece

Claesson, Peter

Stena AB Sweden

Correa, Jude

Seaspan Ship Management Canada

Coustas, John

Deputy Chairman Danaos Shipping Co. Ltd. Greece

Dragazis, Demetri

Latsco (London) Ltd. United Kingdom

Grool, Rob

Vroon B.V. The Netherlands

Grönberg, Gustaf

Genting Cruise Lines Malaysia

Gu, Zhongdong

Cosco Shipping Co. S.a. People’s Republic of China

Hashim, Khalid

Deputy Chairman Precious Shipping Public Co Ltd Thailand

Höglund, Lars

Furetank Rederi AB Sweden

Källsson, Anders

Erik Thun AB Sweden

Lemos, Andonis

Enesel S.A. Greece

Livijn, Mikael

Wallenius Marine AB Sweden

The Swedish Club 2019 32 Updated May 2019

Board of Directors

Lu, Jian

Winning Shipping Singapore

Simonsson, Lennart

Chairman

Sweden

Tanthuwanit, Twinchok

Regional Container Lines Co. Ltd. Thailand

Vinnen, Michael

F.A. Vinnen & Co Germany

Weng, Yi

China Shipping (Group) Company Peoples’ Republic of China

Zou, Yingying

China Merchants Energy Shipping (HK) Co. Ltd Hong Kong

Rhodin, Lars

Managing Director

The Swedish Club Sweden

Osvald, Jakob

Representative of the employees

The Swedish Club Sweden

Rydén, Elisabeth

Representative of the employees

The Swedish Club Sweden