Norwegian Hull Club News

NorthStandard and NIORD have announced a new strategic partnership to build their offshore renewable energy underwriting business.    Under an agreement that comes into effect on 1 January 2025, global marine insurer NorthStandard will provide US$30M in additional capacity to insure fixed and floating wind farms as well as renewable devices. Risk management partnership The facility is part of a risk management partnership between renewables-focused NIORD and NorthStandard that...

In the report, eight of the world’s pioneering marine insurers have gathered and published client data to track their hull and machinery insurance portfolio’s climate impact. The goal is to support the industry’s green transition. “This level of transparency is a major milestone on our journey to decarbonise the maritime industry,” says Patrizia Kern, Chair of the Poseidon Principles for Marine Insurance initiative and Marine Strategy Advisor – CEO...