Global Marine News
NorthStandard & NIORD enhance offshore energy insurance
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...