Termination of Alandia/Nordic H&M agreement Alandia Försäkring Abp (Alandia) and Nordic Marine Insurance Ltd (Nordic) have been cooperating on a number of products and projects, for a number of years. Particularly since 2017, Alandia and Nordic have cooperated in the distribution of Hull & Machinery and all ancillary covers primarily
Marine Cyber Endorsement (For 2022, all reinsurance contracts will have to include an exclusion clause for cyber-risks’) Dear Partners, As you have no doubt experienced in your various policies, the past couple of years have seen many changes in the availability of reinsurance capacity and the current market environment indicates
Income Enhancement? ...Yes! (Boost Your Income by Taking Control of when Your Losses Stop) Instinctively, when asked to define the quality of one’s insurance package, an operator will associate its quality to the size of recovery, and generally feel that bigger is better. Is that really the case? As for most
2020, the year of the… Rollercoaster! The past year has been strange and dramatic in many ways and our thoughts go to those who have been affected by the pandemic and those who helped and took care of them. 2020 has also been a year during which certainty turned into uncertainty, the
Suez Canal Blocked! Time to go 3D? The 2020 pandemic affected ships and crews,… and still does. Argentina saw the most disruptive labour disputes of the last several years. The Suez canal is obstructed by a ship gone aground, affecting over 300 ships. … Sounds as if the black
Dear Colleagues, Clients, Broker friends, and other Business Associates First of all, all of us at Nordic Marine Insurance hope that you are all safe and healthy and wish you to keep it that way going forward. In view of the exceptional circumstances, we wanted to give you an early update
Why nmip and not Nordic Marine or NMI? by Compliance Officer Charlotte Djerf “Why is Nordic Marine Insurance’s website called www.nmip.se ?”“Why do you have a website address www.nmip.se and not a more instinctive name like NMI, Nordic Marine or Primary Delay insurance ?” These are recurring questions from brokers and
Nordic and West look towards the future In February we announced that West intended to acquire a significant stake in Nordic Marine Insurance (Nordic). We are now pleased to confirm that West has received the necessary authorisation and has completed this transaction acquiring Alandia Försäkring Abp’s shares. Nordic will complement West’s
2020 and Beyond… ! Past, present and future Dear Colleagues, Clients, Broker friends and other Business Associates This year, I have the pleasure to give you the customary highlights of 2019 as well as our first impressions, targets and expectations for 2020. A NEW PARTNERSHIP… This
Information from Lloyd’s ...to transfer certain EEA insurance policies to Lloyd’s Brussels. The proposed transfer will not change terms and conditions of any policy, except that Lloyd’s Brussels will become the insurer and Data Controller in respect of the transferred policies. Further information about the proposal
