Insurance Insider – Behind the Headlines

Skuld's Ståle Hansen on Managing Maritime Volatility

In this episode Sam Casey talks with Ståle Hansen, CEO of Skuld, about the challenges facing the marine insurance market, from the Strait of Hormuz blockage to the massive P&I claim from the Baltimore bridge collapse. Hansen explains how Skuld’s mutual P&I model and its participation in the International Group allow shipowners to share risk, provide freight demurrage defense, and offer diversified commercial lines that smooth out the volatile P&I cycle. He also highlights the growing complexity of sanctions compliance and war‑zone insurance, and why the Baltimore disaster underscores the need for a global risk‑pool. The conversation underscores the importance of a robust, cooperative insurance structure to handle large, unpredictable maritime losses.