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Swedish Club Sees Record Retention Rate Amidst Strong Tonnage Growth

Swedish Club Sees Record Retention Rate Amidst Strong Tonnage Growth

Feb 23, 20263 min readMarineLink News

The Swedish Club has concluded its 2026 P&I renewal with a remarkable 99% retention rate, marking a significant achievement for the organization. This impressive result is a testament to the Club's ability to provide value to its members and effectively manage risk. The high retention rate is also indicative of the Club's strong relationships with its existing membership base.

["Over the past 12 months, The Swedish Club has seen an increase in new tonnage entering the Club, driven by solid organic development within the existing membership and selective new business transferring to the organization. This growth in tonnage is a positive indicator for the Club's future prospects. In addition, the Club has secured a strong level of commitment from members who have scheduled to be entered during the course of the year.", ["The increase in new tonnage is largely attributed to the Club's efforts to attract and retain high-quality members. By providing proactive risk management, responsive claims handling, and close, personal service, the Club has been able to differentiate itself from competitors and establish a strong reputation in the market. This, in turn, has led to increased confidence among potential members and their owners.", ["The Swedish Club's success is also reflective of its ability to adapt to changing market conditions and emerging risks. By staying ahead of the curve and responding promptly to emerging issues, the Club has been able to mitigate potential losses and ensure the continued growth of its membership base.", ["CEO Thomas Nordberg attributes the Club's impressive renewal result to the hard work and dedication of his team. The CEO emphasizes the importance of providing proactive risk management, responsive claims handling, and close, personal service to members. By doing so, the Club has been able to build strong relationships with its existing membership base and attract new business.", ["The Swedish Club's focus on personalized service is a key differentiator in the Pæ insurance industry. By providing tailored solutions and support to its members, the Club is able to establish trust and confidence among potential clients. This, in turn, has led to increased retention rates and growth in tonnage.", ["The Club's commitment to proactive risk management is also noteworthy. By identifying and mitigating potential risks proactively, the Club has been able to minimize losses and ensure the continued growth of its membership base. This approach has earned the Club a reputation as a trusted and reliable partner for shipowners and operators.", ["In conclusion, The Swedish Club's impressive 99% retention rate and strong tonnage growth are a testament to its ability to provide value to its members and effectively manage risk. By focusing on proactive risk management, responsive claims handling, and close, personal service, the Club has established itself as a leader in the Pæ insurance industry.", ["As the Pæ insurance industry continues to evolve, The Swedish Club's success serves as a model for other organizations to follow. By prioritizing personalized service, proactive risk management, and close relationships with members, the Club has been able to achieve remarkable results and establish itself as a trusted partner in the market."]]]]]]]]

EazyInWay Expert Take

The Swedish Club's success underscores the importance of proactive risk management and personalized service in the Pæ insurance industry.

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