Gard trims premiums for fifth year running

Norwegian protection and indemnity club Gard has reduced its
deferred premium call for the fifth consecutive year as it
benefited from benign development of small and medium-sized claims.
The company said members of the mutual would pay a deferred call
for the 2015 policy year of 15 percent of the advance call - 10
percentage points lower than the original estimate of 25
percent.
This represents a $37mn reduction for the year.
Gard CEO Rolf Thore Roppestad said the results...