Skuld quadruples bottom line

Protection and indemnity (P&I) mutual Skuld's bottom line
increased by 400 percent in the first nine months of 2015, driven
by new member funds and favourable reserve development.
The P&I club, which also manages Syndicate 1897 at
Lloyd's, reported profits of $20mn during the period, up from
$5mn during the first nine months of last year.
The mutual said the result included a $5mn provision for
members' credit and had benefited from positive run-off from
old claims.
Skuld said that...