Gard, one of the leaders in the marine insurance industry, has managed to maintain an A+ rating with a stable outlook in the latest assessment by S&P Global Ratings. This evaluation, published on August 26, 2026, emphasizes that Gard has one of the strongest competitive positions in the marine insurance market.
Financial Strength and Prominent Position
S&P acknowledges that Gard, with its significant market share, has strengthened its position in the renewable energy sector by acquiring Codan's marine and energy business. This move reflects Gard's strategy to diversify its marine services and also to reinforce its position in the marine insurance market.
Future Predictions and Underwriting Performance
S&P expects that Gard will not only maintain its financial strength but also improve its underwriting performance and continue to return premiums to its members. This financial institution points out that a stable outlook means that Gard will remain at the top of the marine insurance and P&I market in the coming years. This will be due to improved underwriting performance and Gard's sustained financial strength.
Torn Biller White, Gard's Chief Financial Officer, states: "This assessment reflects the strength of Gard's position and the resilience of our capital base. Our financial strength allows us to have a long-term perspective and support our members and clients in changing market conditions. We are pleased that S&P continues to emphasize Gard's leading position in the market and its diverse marine services."
This new assessment reflects Gard's commitment to maintaining and strengthening its position in the marine insurance and P&I market. Given the changing economic conditions and global challenges, maintaining financial strength and the ability to provide appropriate services to clients is of utmost importance.
