Finance
Norwegian Hull Club’s service concept is founded upon a comprehensive risk management framework and a strong capital base.
Standard & Poor’s Global Ratings (S&P) reaffirmed the 'A with stable outlook' rating of Norwegian Hull Club on 17 July 2024.
‘We expect Norwegian Hull Club will retain its reputation as a premium marine insurer with very loyal members’, S&P states in the credit highlights of its most recent report, where The Club’s ‘Extremely strong capital adequacy’, its ‘recent exceptional underwriting performance’ and its ‘strong underwriting controls’ are emphasised as key strengths.
S&P’s public rating of Norwegian Hull Club is available here.
Integrity and high ethical standards
Norwegian Hull Club conducts its business and operations with the greatest integrity and to the highest ethical standards. These elements are embraced by the entire organization. Integrity is also one of the core values of the company.
The Club has a comprehensive risk management and internal control framework to systematically identify, assess, manage and communicate risks throughout the organisation.
Clients and business partners can trust that Norwegian Hull Club conducts its business with a high level of responsibility, respect, and transparency and in accordance with the laws, legislations and standards presented in the model below:
Responsible investments
Norwegian Hull Club is - and aims to remain - a responsible investor. Active corporate governance, international conventions, and integration of sustainability topics into asset management form the basis of responsible investments.
The foundation of Norwegian Hull Club’s investment philosophy is the conviction that strong corporate governance, combined with a focus on environmental and social issues, is instrumental for long-term profitability. The best investments over time are those made in well-managed companies that, in addition to strong business performance, apply a systematic and integrated approach to sustainability to protect and grow future cashflows. Such companies will also be best able to manage risk associated with environmental, social and governance (ESG) issues. Sustainability and ESG are, therefore, integral parts of the investment manager screening and selection process.
Norwegian Hull Club uses third-party asset managers for security selection, through funds and discretionary mandates. Responsible investment is a key consideration when selecting external asset managers. In general, asset managers continue to improve their abilities within the field of sustainable investments as clients and society increase expectations.
Norwegian Hull Club primarily seeks external asset managers that:
- Are signatories to UN Principles for responsible investments (Norms-based screening)
- Are transparent about ESG issues
- Apply a systematic and integrated approach to sustainability factors in their investment processes (ESG integration)
- Report on ESG
- Seek investments with positive ESG effects that do not require financial trade-off
Solvency & Financial Condition Reports
Solvency & Financial Condition Report 2023
Solvency & Financial Condition Report 2022
Solvency & Financial Condition Report 2021
Solvency & Financial Condition Report 2020
Solvency & Financial Condition Report 2019
Solvency & Financial Condition Report 2018