The Swedish Club was founded by shipowners in 1872 and is today a leading and diversified mutual marine insurance company, owned and controlled by its members.

The Swedish Club (TSC) has concluded its 2026 P&I renewal with a 99% retention rate, reflecting the strong loyalty and continued confidence of its Members.

Over the past 12 months, The Swedish Club has attracted new entered tonnage with an increase of nearly 8%, driven by a combination of solid organic development within the existing membership and selective new business transferring to the Club. In addition, the Club has secured a strong level of commitment through tonnage scheduled to be entered during the course of the year.

The renewal outcome 

The renewal outcome underlines The Swedish Club’s commitment to long-term relationships and sustainable growth. The high retention rate demonstrates the strength of the Club’s mutual model and the value Members place on stability, transparency and service.

Our strategy resonates with the market

“This year’s renewal result reflects the hard work and dedication of our teams across the organisation,” said CEO Thomas Nordberg. “We are proud of the trust our Members continue to place in us. Our growth is balanced and disciplined, built on strong partnerships, high service standards and a clear ambition to deliver long-term value.”

“Our focus remains on supporting our Members with proactive risk management, responsive claims handling and close, personal service,” Nordberg added. “The outcome of this renewal confirms that our strategy resonates with the market.”

The Swedish Club continues to prioritise service excellence, technical competence and strong Member engagement as key pillars of its offering.

Advise  Members owing to tensions between the United States and Iran

On the other hand the Swedish Club advised Members to review voyage planning carefully, building in flexibility for delay, re-routing or convoy-type arrangements if required by local authorities or naval forces.  Schedules should allow for potential disruption arising from live-fire exercises, port security measures or traffic controls owing to Tensions between the United States and Iran have escalated rapidly, creating a heightened short-term security environment for commercial shipping operating in or transiting the Persian Gulf, the Strait of Hormuz and the Red Sea / Bab el Mandeb corridor.

About The Swedish Club:

 The Swedish Club was founded by shipowners in 1872 and is today a leading and diversified mutual marine insurance company, owned and controlled by its members. The Club writes Protection & Indemnity, Freight, Demurrage & Defence, Hull & Machinery, Hull Interests, Loss of Hire, War Risks, and any additional insurances required by shipowners or charterers. It also writes Hull & Machinery, War Risks and Loss of Hire for Mobile Offshore Units and FPSOs. Its head office is located in Gothenburg, Sweden, with branch offices in Athens, Oslo, London, Hong Kong and Singapore

Related : UK P&I Club and TT Club announce merger discussions

Source : Press - Release
# The Swedish Club # CEO Thomas Nordberg #The renewal outcome # Tension # US #Iran #Ship owner