Welcome to The Swedish Club The Swedish Club 2018 1 It all started - - PowerPoint PPT Presentation

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Welcome to The Swedish Club

The Swedish Club 2018

It all started in 1872

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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

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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

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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

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Our work is based on three key priorities:

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

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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 offices 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

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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.

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931 9.6 37,697 35.1

*including Charterer’s Liability

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

1,751 9.3 43,678 74.3

P&I

P&I*

Average share Number of vessels GT (million) Average age

2,587 10.3 12.6 % 103.4 1,003 8.8 43.0 % 28.1

Marine & Energy

H&M

Average size (GT)

39,982 28,040

Total values (USD billion)

8.2 0.8 FD&D Loss of Hire

Basic facts as of 22 March 2018

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GT - Insurance Year Start

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

Free reserves at record level

USD214

million

Investment assets

USD376

million

USD19

million surplus

Combined ratio

104 %

USD153

million

Gross premium

Upgraded financial position to BBB+ Positive Outlook*

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Highlights 2017

4 % P&I Discount 2017 5 % P&I Discount 2018

*S&P 2018

Result 2017 and 2016

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All amounts are stated in USD Million 2017 2016

Premiums net of reinsurance 117.5 130.5 Mutual premium discount (P&I)

• 3.4
• Investment income transferred from NTA

5.1 4.7 Claims of net reinsurance

• 98.1
• 102.9

Net operating expenses

• 24.8
• 25.4

Underwriting result

• 3.8

6.8 Financial result 27.7 9.7 Investment income transferred

• 5.1
• 4.7

Result before appropriations and tax 18.8 11.8 Free reserves 213.9 194.9 Combined ratio 104 % 98 %

Find more financial information on https://annualreport.swedishclub.com

Free Reserves 2008 - 2017 (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

50 100 150 200 250 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Eligible Own Funds Solvency Capital Requirement

=

262 %

2017

Our organisation

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Our organisation 2018

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

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Facts and Figures

19 The Swedish Club 2018

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

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

Number of Vessels

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

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GT – Insurance Year Start (20 Feb.)

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

Million GT

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

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Vessel Type: Distribution of Fleet

Source: Tysers P&I Report 2017

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35% 31% 19% 14%

IG Group Fleet

Bulker Tanker Container Other 37% 20% 39% 4%

The Swedish Club Fleet

N Europe 18% S Europe 26% Mid East 8% Asia 48%

P&I: Basic Facts per 22 March 2018

• Number of vessels

1,751

• Average age

9.3

• GT (Million)

74.3

Figures include Charterer’s P&I 10 20 30 40 50 60 70 80 90 100 250 500 750 1 000 1 250 1 500 1 750 2 000 2 250

GT (Million)

Number of Vessels Vessels GT

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GT per market

Figures exclude Charterer’s P&I

FD&D: Basic Facts per 22 March 2018

• Number of vessels 931
• Average age

9.6

• GT (Million)

35.1

N Europe 23% S Europe 17% Mid East 5% Asia 55%

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

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N Europe 57% S Europe 22% Mid East 3% Asia 18%

H&M: Basic facts per 22 March 2018

Vessels per market

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

2,587

• Average age

10.3

• GT (Million)

103.4

• Average share (GT)

12.6%

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Asset mix as per 20 February 2017

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Source: Arthur J Gallagher, Marine P&I Pre-Renewal Review 2017

0% 20% 40% 60% 80% 100% Cash and other assets Bonds Equities

Result 2006 – 2017

11

• 2

7 15 30

• 9

9 17 18

• 3

11,8 19

• 15
• 10
• 5

5 10 15 20 25 30 35 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 USD million

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102,0 99,7 106,8 121,7 151,2 141,9 151,0 168,0 186,3 183,1 194,9 213,9 50 100 150 200 250 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Free Reserves 2006-2017 (MUSD)

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Combined ratio seven year averages

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95% 96% 99% 100% 100% 101% 105% 105% 105% 106% 107% 110% 121% 125% 0% 20% 40% 60% 80% 100% 120% 140%

Source: Arthur J Gallagher, Marine P&I Pre-Renewal Review October 2017 and TSC’s accounts

Board of Directors

Board of Directors present at the AGM June 2017

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Board of Directors

Baran Sualp, Idil

CerBa Group of Companies Turkey

Bodouroglou, Michael

Allseas Marine S.A. Greece

Claesson, Peter

Stena AB Sweden

Correa, Jude

Seaspan Ship Management Vancouver, 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

Star Cruises Management Ltd. Malaysia

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

Li, Zhen

Sinotrans Shipping Ltd. People’s Republic of China

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Board of Directors

Lim, Sim Keat

IMC Industrial Group Singapore

Lu, Jian

Winning Shipping Singapore

Manos, Diamantis

Costamare Shipping Co. SA Greece

Simonsson, Lennart

Chairman

Sweden

Tanthuwanit, Sumate

Regional Container Lines Co. Ltd. Thailand

Vinnen, Michael

F.A. Vinnen & Co Germany

Weng, Yi

China Shipping (Group) Company Peoples’ Republic of China

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

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