Skuld to Launch Global Reorganization in November
The insurer will streamline its structure into six regional units led by newly appointed executive product heads.
Updated on Oct. 21, 2026 in People
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Starting November 1, 2026, Skuld will implement a major executive and regional reorganization to improve cross-product coordination. The initiative establishes six business units reporting to the chief underwriting officer.
Why it matters
The firm aims to increase business unit scale and enhance operational alignment across its global regions. This structural shift is designed to improve coordination between its various product lines.
Skuld is organizing its operations into six regional business units to manage its global portfolio. The company is currently marking its 130th year of operation.
The players
Kristian Løberg
He is transitioning from his position as CFO to serve as the company's chief underwriting officer.
Oda Bjerketvedt Norderud
She is appointed to serve as the new chief financial officer for the insurance firm.
Lars Dueled
He will oversee the protection and indemnity insurance business line.
Paul Fry
He is tasked with leading the hull insurance product line.
Christofer Kobro
He will lead the firm's energy insurance division.
The details
Kristian Løberg moves from CFO to chief underwriting officer, while Oda Bjerketvedt Norderud assumes the CFO role. Leadership for core insurance products is assigned to Lars Dueled for protection and indemnity, Paul Fry for hull, and Christofer Kobro for energy.
Timeline
The reorganization takes effect November 1, 2026.
Wei Fan will assume the role of head of Hong Kong in September 2027.
Market Landscape
This reorganization follows the documented trend of 130-year-old maritime mutual insurance companies modernizing regional governance structures. The shift marks a strategic adaptation to consolidate units and match contemporary global maritime market demands.
The reorganization centralizes reporting lines under the chief underwriting officer, which may result in more unified service interactions for clients. Policyholders should monitor for potential changes in regional points of contact as these new units go live.
The takeaway
This executive transition emphasizes the priority the firm places on cross-product integration. Stakeholders should note that internal appointments signal a strategy to maintain operational continuity while shifting to a more centralized management model.
What happens next
Wei Fan will assume the position of head of Hong Kong in September 2027, with Patrick Wang scheduled to become the chairman of Skuld (Far East) at the same time.
Further reading
Learn more about the latest leadership changes at People.
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