TSC Annual Report 2024 final - Flipbook - Page 29
Managing
Director
Embracing
theReport
future
Brian Png
Area Manager for Team Singapore
Fredrik Bergqvist
Area Manager for Team Sweden
Tord Nilsson
Area Manager for Team United Kingdom
Singapore
Sweden
United Kingdom
In its second full year of
operations, Team Singapore
maintained healthy growth by
prioritising premium adequacy
and quality tonnage. By the end
of 2024, we had achieved a gross
premium of approximately USD
30 million, 昀椀nishing the year
close to break-even. Although the
of昀椀ce is still relatively new, we
are proud to have built a strong
reputation in the market for our
comprehensive offerings and
personalised, solution-driven
services. Our team has thrived,
growing from 昀椀ve members
in 2022 to ten today. Looking
ahead, we aim to broaden our
brand presence across additional
regions within our market
while remaining dedicated to
sustainable growth.
2024 was a strong year for Team
Sweden, marked by solid results
and continued high member
satisfaction. We placed a strong
focus on business development
and enhancing internal
collaboration, leveraging the
broad expertise within the team.
A key priority has also been to
foster a structured and engaging
work environment where
everyone feels motivated to
contribute. Our high retention rate
reflects the trust and con昀椀dence
our members place in us, and
we remain committed to serving
them even better in the future.
Expansion of the London of昀椀ce
is progressing well, and we’ve
successfully attracted several
major shipowners, validating our
strategic presence in the city.
This has reinforced our visibility
and signi昀椀cantly contributed to
premium growth and the bottom
line. Marine cross-selling efforts
have exceeded our initial targets,
and we are actively working to
expand our reach across additional
lines of business by engaging a
broader broker network. We’ve been
able to capitalise on the London
ecosystem to not only develop
innovative product offerings but
also to improve cost ef昀椀ciency
in our reinsurance structures.
We frequently are able to share
opportunities with other global
of昀椀ces, helping The Swedish Club to
achieve its long-term international
growth ambitions.
The Swedish Club | Annual Report 2024
29
