Skuld to Reorganize Global Leadership and Operations
The insurer will consolidate into six business units on November 1, shifting its leadership and regional reporting lines.
Updated on Oct. 21, 2026 in People
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Effective November 1, 2026, insurance provider Skuld will implement a major executive and regional reorganization to streamline its global operations. The firm is consolidating its structure into six business units to improve coordination across its product lines and geographic offices.
Why it matters
The shift aims to increase the scale of individual business units while fostering better cross-regional and cross-product communication. For operators, this restructure signals a push for greater centralized control over the underwriting function as the company targets internal efficiency.
Skuld is reorganizing its operations into 6 regional business units to manage its global portfolio. The firm draws on 130 years of operational history to guide this shift in its internal reporting structure.
The players
Skuld
A global marine insurance provider with 130 years of operation.
Kristian Løberg
The current CFO transitioning to the new role of chief underwriting officer.
Oda Bjerketvedt Norderud
The incoming CFO of the organization.
Wei Fan
The incoming head of the firm's Hong Kong office.
Patrick Wang
The incoming chairman of Skuld (Far East).
The details
Under the new model, all six regional business units will report directly to the chief underwriting officer. Kristian Løberg will move from the CFO role to fill this new underwriting leadership position, while Oda Bjerketvedt Norderud steps in as the incoming CFO. The company is also realigning product leadership, with internal appointments to oversee its protection and indemnity, hull, and energy insurance lines.
Timeline
November 1, 2026: The firm's reorganization takes effect.
September 2027: Wei Fan assumes the role of head of Hong Kong.
Market Landscape
This move marks a departure from the traditional decentralized autonomy seen in marine insurance syndicates. It follows a broader industry trend toward integrated reporting structures to manage global risk more effectively.
Operators managing relationships with Skuld should monitor how the new centralized underwriting authority affects policy pricing and service consistency. Expect regional contacts to shift as the six new business units formalize their reporting lines.
The takeaway
When firms with long histories like Skuld overhaul their reporting lines, operational decision-making often follows suit. Monitor the transition on November 1 to see if product-specific coverage terms change for your current contracts.
What happens next
Patrick Wang will begin his term as chairman of Skuld (Far East) in September 2027.
Further reading
For more on shifts in global leadership, see our coverage in People.
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