Skuld completes SMA/Gerling deal

Norway-headquartered protection and indemnity (P&I) club Skuld
has completed its share purchase agreement for Skuld Marine
Agency/Gerling Norway (SMA).
SMA has operated as an agent for Skuld since November 2016 for
renewals attaching from 1 January 2017.
The P&I club added that 100 percent of SMA's clients
renewing on 1 January had renewed on Skuld paper.
Skuld announced its intention to acquire SMA in May 2016. The
purchase gives Skuld renewal rights to SMA/Gerling Norway's
$40mn hull a