Distribution of H&M insurance to Alandia
Distribution of H&M insurance to Alandia
Alandia Försäkring Abp (Alandia) and Nordic Marine Insurance (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 Loss of Hire primarily in the European market, excluding the Nordic countries and the Baltic States, both of which have always been handled directly by Alandia.
Nordic represents Alandia in the international market and has serviced and managed the submissions from non-Nordic brokers (screening, analysis, day to day management, claims handling, etc). A fruitful and smooth cooperation has produced good results for both parties.
However, as both Alandia and Nordic are focusing on the optimization and further development of their resources to provide a yet more flexible and efficient service to the market, we have mutually decided that from 1.1.2021 we shall leave it to each broker’s discretion to decide on whether to send a submission directly to Alandia, or channel it via Nordic.
Our cooperation will continue unchanged in all other respects. Risk assessment, pricing and underwriting guidelines will remain identical, irrespective of which communication channel is used, whereas day-to-day management and claims handling will be managed by each respective party.
Nordic Marine Insurance (Nordic)
Nordic Marine Insurance (Nordic) is a specialized fixed premium marine insurer based in Stockholm.
A team of recognized and experienced professionals provide tailor-made and innovative insurance solutions for ship operators.
The main product offered is fixed premium delay insurance, covering loss of revenue at primary level caused by a wide scope of ship related incidents and shore side perils. NMI is also an approved Lloyd’s cover holder.
Further information: www.nmip.se
Alandia Insurance
Alandia Insurance is based on the Åland Islands in Finland with strong connections to the shipping industry.
The company, Alandia Försäkring Abp , was founded in 1938 to primarily service the local ship owning community, and has since then developed to become one of the leading marine insurers in the Nordic region.
Alandia offers today a wide range of insurance products primarily catering to the maritime industry, e.g., Hull & Machinery, Loss of Hire, Protection & Indemnity, Pleasure boats and Cargo insurance. The operation spans the Nordic countries, he Baltic States as well as, more recently, also the international markets.
Further information: www.alandia.com