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Norwegian Hull Club announces 7.5 % return premium in Annual Report 2018


 The Club, which is a mutual marine insurance provider, delivers various benefits to its members including – when the capital position and operating results allow – the return of premium. Throug...

S&P Global affirms Norwegian Hull Club's 'A with stable outlook' rating


The continued rating was announced in an S&P research update published last month. In it, S&P states: "We are affirming our 'A' financial strength and issuer credit ratings on Norwegian Hull C...

Norwegian Hull Club Annual and Sustainability Report 2019


 Sustainability is incorporated in Norwegian Hull Club’s strategy and core business, expressed through The Club’s mission “to secure people, health, environment and property”.   By prepa...

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General Meeting

... Meeting may decide in advance that renewed voting shall be held if there is no majority of the total poll. In the event of a tie, the decision will be made by the drawing of lots. Unless provided otherwise in mandatory law (cf. § 8-3 (1) of the Norwegian Finance Institutions Act and the Norwegian Limited Companies Act §5-18), a decision to amend the Articles requires the approval of at least two-thirds of the votes represented at the General Meeting. Amendments to these articles as set out i...

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Functions of the Board of Directors

... remuneration and conditions of service for other employees. supervise the day-to-day administration of the Club and its operations in general. stipulate board instructions in accordance with the Norwegian Limited Companies act §6-23, cf. the Norwegian Finance Institutions Act §8-7.

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Insurance Technology Solutions AS strengthens its organisation


... and Application Architecture. Prior to SPV Kenneth Svendsen delivered digital solutions mainly to the finance sector through various consulting and FinTech companies. Going forward we can claim with...

The Radical


... 1975 John returned home to Bergen after studying in Madison, Wisconsin, where he had gained an MBA in Finance and Management. With him he had his wife Kari, their two small children and a whopping st...

I think one of the reasons that the company has lasted 175 years is that we have a company culture that not only focuses on money, but also on values.
– John Wiik

Shanghai, the New Capital of the World


... management has specific plans for making it an international hub within many different segments such as finance and maritime operations,” says the WR lawyer. Together with a group of 15 Norwegian,...

Mortgagee Interest Insurance

... party or, to keep with the terminology in Cl. 1-1 (b) of the Plan, the “person effecting the insurance”.  Financial institutions, such as banks, will often prefer to take out such insurance to cover the whole portfolio of vessels wholly or partly financed by the bank in order to facilitate the administration of the portfolio. Mortgagee Interest Insurance is not covered under the Plan. It is covered on separate terms, most often on English conditions with some amendments or additions. The i...

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