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Gard chief executive defends small deficit

Extensive commercial activities designed to subsidise mutuality allow biggest P&I club consistently to register combined ratios of just over 100% without any problems

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Gard’s ‘104% is one of the best combined ratios you will find in the industry, very close to the target. We are able to compensate for a small technical loss with other sources of income,’ says chief executive Rolf Thore Roppestad

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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