Primary Loss of Earnings
milestone that is 2022!
/ Safety Bulletins
picks out relevant
and interesting reports
Based in Stockholm, Nordic Marine Insurance (Nordic) is a leading independent marine insurance company and provider of niche insurance products to the global maritime industry.
We were founded in 2012 and approved by the Swedish FSA as per the Solvency II regulations in Europe as well as an approved Lloyd’s Cover Holder the following year.
Our team of leading professionals have more than 200 years of cumulative experience in all marine insurance fields. Dan Lennhammer, Nordic’s Managing Director, together with Claudio Blancardi, Underwriter and Marketing Director and Magnus Hammarqvist, Claims Director have all been with Nordic since its creation.
We are focussed on niche marine insurance products but with the benefit of strong partnerships with major re-insurers we can also provide other mainstream marine covers.
We design effective solutions to the potential problems that ship operators face every day. We provide niche, made to measure products combined with expert advice and committed, reliable service.
We work closely with our clients, meeting their needs by providing flexible solutions backed by A rated security. Our focus is on creating high quality and long-term relationships.
We offer fixed premium insurance for the marine industry, specialising in Delay Insurance, Primary Loss of Earnings, Maritime Lien Solutions and other specialised covers for vessels.
Nordic’s “flagship” cover is our fixed premium Delay Insurance, which provides protection against loss of earnings following delays caused by a wide range of marine and onshore perils.
In 2022, the year of our 10th Anniversary, a Primary Loss of Earning (LoE) insurance is launched, providing cover for loss of earnings following physical damage to a vessel recoverable under the underlying H&M cover.
A “Buy back” option for delays during the initial 14 days’ delay until conventional Loss of Hire (LoH) cover kicks in.
Nordic has developed several highly specialised, bespoke covers to meet operators’ constantly changing needs for protection.