West’s strategic partnership with Nordic Marine Insurance approved
Following regulatory approval, West’s strategic partnership with Nordic Marine Insurance is now fully operational and we are working together to offer Delay Insurance products to our Members and others.
In February we announced that West intended to acquire a significant stake in the marine insurance provider, Nordic Marine Insurance (NORDIC), but to enable the Club to proceed we had to obtain approval from the Swedish Authorities. We are now pleased to confirm that this investment has received the necessary authorisation and the Club has completed this transaction acquiring Alandia Försäkring Abp’s shares in NORDIC.
Nordic’s Delay Insurance products provide fixed price protection at the primary level (i.e. before any Loss of Hire or similar type covers incept) and deliver budgetary certainty for ship owners, charterers and operators when vessels are subject to delay. They also complement the Club’s own core services and this investment will significantly enhance the range of specialist products the Club can offer to Members as well as strengthening its presence in Scandinavia.
While awaiting regulatory clearance, NORDIC have undergone a brand refresh which reflects their modern vision for the future in partnership with West. Their new contemporary look and feel has been implemented across their business; they have updated their website that now includes clear and informative product guides on their specified product pages, which you can view here.
Related News.
Cyprus Maritime Innovation takes Centre Stage at SMM Hamburg 2026
Underscoring its expanding role as a premier international hub for cutting-edge maritime technology and sustainable shipping, the Republic of Cyprus…
Trump seeks to refill US oil reserve with Venezuela deal but faces long delay
U.S. President Donald Trump said on the 30th (local time) that he would refill the U.S. Strategic Petroleum Reserve, which has been depleted with…
US Navy Official visits South Korean Shipyards in private
With U.S. President Donald Trump pushing a plan to allow overseas construction of U.S. warships, attention is focusing on whether the building of…
SES and De Boer Marine expand collaboration with FlexMaritime deployment across Global Markets
SES, a leading space solutions company, and De Boer Marine, a leading provider of top-quality marine equipment and maritime connectivity services,…
New ESG guidance to help maritime industry turn sustainability into commercial advantage
New framework helps shipowners and ports align ESG strategy with access to capital, charterer expectations and long-term asset value. Maritime…
Britannia P&I Club analysis finds four in five crew deaths linked to illness rather than accidents
New report highlights cardiovascular disease as leading cause of fatalities and raises concerns over mental health risks among younger seafarers.…
The Swedish Club launches new Loss Prevention podcast, Knot Another Lesson
The Swedish Club has launched Knot Another Lesson, a new podcast exploring the practical lessons, emerging risks and operational challenges shaping…
Lloyd’s Register appoints Jens Grunenberg as Senior Representative for Germany
Lloyd’s Register has appointed Jens Grunenberg as its Senior Representative for Germany, effective 1 September. Based in Hamburg, Grunenberg will…
Indian Register of Shipping sets sights on Hamburg for European Expansion
Indian Register of Shipping, a leading international classification society and full member of the International Association of Classification…
MOL completes Merger of 6 Ship Management Companies
Unifying Management of Over 200 Vessels and Strengthening Safety Mitsui O.S.K. Lines, announced that it has completed the integration of the MOL…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
