Standard & Poor's, the leading company credit ratings provider, has rated Norwegian Hull Club as "A with stable outlook" once more.

S&P rates The Club 'A / Stable' once more

: Norwegian Hull Club wishes to emphasise the importance of safety on board by focusing on welfare, environment, assets and the sharing of useful experience.

Crankshaft damage – a 2026 awareness campaign 

Norwegian Hull Club has announced a proposed 12 % return on premium (USD 19.1 million) in its Annual Report 2025 published today, March 18, 2026 - the sixth consecutive year The Club has announced premium return. This proposal will be presented to the Committee and finally decided at the Annual General Meeting, to be held on June 3, 2026.

The Club announces proposed 12 per cent Premium Return for 2025

: This year, one of the most demanding Baltic ice winters in recent memory is taking shape. Rapidly changing ice conditions, shifting traffic restrictions and increased icebreaker assistance mean that masters and owners must monitor official ice information closely. 

Winter navigation in the Baltic: updated ice information and SAR resources

Norwegian Hull Club is announcing changes to its Underwriting department, as the organisation advances its succession plans and continues to optimise its structure to meet the evolving needs of the market.

Anders Dahl appointed SVP as The Club effectuates succession plans 

SERVICE reports issued by makers and / or service companies - as well as reports by specialists - are extremely important.


The importance of service reports

Norwegian Hull Club has once again been assessed as 

’ by S&P Global Ratings (S&P) in its latest report, issued April 11, 2025.

S&P once again confirms The Club's 'A / Stable' rating 

Norwegian Hull Club announced a 10% premium return (USD 18.9 million) in its 2024 Annual Report. The proposal will be reviewed by the Committee and decided at the Annual General Meeting on June 10, 2025.

The Club announces proposed 10 per cent premium return for 2024 

Norwegian Hull Club released Casualty Information Newsletter No.104 in February 2022, which related to Auxiliary Engines performance testing, blackouts and dead ship recovery procedures.

Blackout Prevention and Recovery Awareness

Norwegian Hull Club is taking strategic steps to further solidify its presence in Oslo. The plan underpins The Club’s service concept and acknowledges the importance of Oslo as a global shipping hub, as well as the company’s long history in the region.

The Club strengthening its Oslo presence

Deputy Chief Claims Officer (DCCO) Rune Henriksen is taking over from Åge Solberg as Chief Claims Officer (CCO) at Norwegian Hull Club from October 1.

Henriksen new CCO as Solberg steps back

Norwegian Hull Club is pleased to share that The Club’s ‘A rating with a stable outlook’ was affirmed by S&P Global Ratings (S&P) in its latest report, issued 17th of July 2024.

S&P reconfirms The Club’s ‘A with a stable outlook rating’ 

Norwegian Hull Club has announced a proposed 8 % return on premium (USD 14.1 million) in its Annual Report 2023 published today, March 22, 2024. This proposal will be presented to the Committee and finally decided at the Annual General Meeting, to be held on June 11, 2024.

The Club announces proposed 8 per cent Premium Return for 2023

Norwegian Hull Club is pleased to convey that the company’s rating with S&P Global Ratings (S&P) remains unchanged at ‘A’ with a stable outlook, after the ratings company revised its criteria for analysing insurers’ risk-based capital.

The Club’s S&P ‘A’ rating reaffirmed following revised capital-model criteria

Given the increase in piracy incidents we are witnessing, Norwegian Hull Club is increasing its focus accordingly. For this newsletter, The Club requested that its strategic partner Crisis24 - one of the world's leading integrated security risk management experts – share recent case studies, along with recommended actions based on best practice and experience.

Somali piracy threat returns and demands focus - insight from Crisis24

The G7 price cap coalition has published an update on the application of the price cap rules. The rules will take effect on 19 February 2024 (UK and US) and for cargoes loaded on or after 20 February 2024 (EU) (

G7 price-cap per-voyage attestation

, Norwegian Hull Club’s Chief Business Development Officer (CBDO) and CEO of its fully owned subsidiary Instech Solutions, will dedicate 100 per cent of his time to the software house from February 1, 2024 as it develops an ambitious new core system.

Amendments to The Club’s top management team with new COO role

In this Casualty Information newsletter, we would like to draw attention to taking measures to best ensure vessel integrity, stressing the importance of awareness and proper maintenance.

Vessel integrity - risk of flooding

Norwegian Hull Club’s newly established subsidiary, NIORD, announced earlier today that it will be operational from 1st January 2024. NIORD is an offshore renewables insurance specialist, licensed by the Financial Supervisory Authority of Norway on 18th December 2023.

The Club’s subsidiary NIORD operational from 1st January 2024

NORWEGIAN HULL CLUB has a long-established reputation for innovative, enabling insurance solutions. Through such covers, The Club helps its clients and members as they make choices for a greener future. 

NIORD announced as The Club’s renewables subsidiary 

A fire safety Concentrated Inspection Campaign (CIC) by the member authorities of the Tokyo and Paris Memoranda of Understanding (MoU) on Port State Control is due to commence in September 2023.

Supporting PSC 2023 fire-safety campaign – reducing risk of fires on board

Norwegian Hull Club is further strengthening its business concept with the appointment of 

 as Chief Communications and Sustainability Officer (CCSO).

The Club strengthens its top management with strategic corporate functions Communication and Sustainability

Norwegian Hull Club’s digital journey is well established, with the destination being the ‘next level’ of first-class marine and offshore energy insurance service.

New digital Claim Statement promises to be ‘beneficial for all’

Norwegian Hull Club’s ‘A rating with stable outlook’ has once again been confirmed by the corporate credit ratings provider S&P Global Ratings in its latest report, issued June 29, 2023.

The Club is rated 'A with stable outlook' by S&P yet again

It is now just over a year since the Poseidon Principles for Marine Insurance (PPMI) entered into force –April 27, 2022 – of which Norwegian Hull Club was one of its signatories.

Poseidon Principles for Marine Insurance – emission data collection in 2023

What is the worst-case scenario for a floating offshore wind farm?

Bergen Wind Academy poll reveals 'worst case' wind farm scenario

On Tuesday June 13th, 2023, Norwegian Hull Club's Annual General Meeting took place digitally. The meeting elected members to The Club's Committee and Election Committee.

AGM adopts proposed Premium Return and announces new committee members

As stated in the Articles of Association for Norwegian Hull Club, the Committee shall elect the Board of Directors, as well as the Chair and Deputy Chair of the Board.

New additions to the Board of Directors

Through innovative, enabling insurance solutions, Norwegian Hull Club helps its clients and members make choices for a greener future. Combined with exceptional levels of service and support, The Club’s goal is to be a trusted companion to its clients on their sustainability voyages.

Battery Performance – Loss of Hire: peace of mind for green-technology investors

Norwegian Hull Club has announced a proposed 7.5 % return on premium (USD 13.6 million) in its Annual Report 2022 published today, 31 March 2022. This proposal will be presented to the Committee and finally decided at the Annual General Meeting, to be held on 13 June 2023.

The Club announces 7.5 per cent Premium Return for 2022

As of 5 February 2023, the EU / G7 Price Cap on Russian-origin crude oil was extended to Russian-origin petroleum products falling under CN code 2710.

Price cap - Russian-origin petroleum products: attestations required

Norwegian Hull Club is further reinforcing its commitment to the energy transition by introducing Environmental Care & Emission Reduction (ECER), a new area of assessment in its underwriting procedures.

The Club encourages oil and gas clients with its new Environmental Care & Emission Reduction underwriting assessment

IN ORDER to meet Norwegian Hull Club’s ambitious marine-portfolio growth plans, as well as reinforcing its well-established service concept, The Club is pleased to announce that Anders Furnes has been appointed Senior Vice President (SVP) Marine.

Anders Furnes appointed SVP Marine as The Club sets sights on further growth

On 5 December 2022, the EU / G7 implemented a prohibition on the maritime transportation of Russian crude oil to third countries

(i.e. countries outside the EU / G7), unless purchased at or below a certain price level (the “Price Cap”). A corresponding prohibition in relation to Russian petroleum products will come into effect on 5 February 2023.

The Price Cap on Russian oil - attestations required by The Club

In this Casualty Information newsletter, we would like to draw attention to the Master’s command of a vessel in monopoly waters, particularly in situations where local personnel representing government officials exercise their power.

Master’s command of a vessel in  monopoly waters - Turkey focus

In this Casualty Information newsletter, we would like to draw attention to repair planning procedures, risk assessments and quality of repairs regarding deck and engine machinery and equipment.

Deck and Engine Machinery & Equipment - Repair Procedures, Risk Assessments, Maintenance and Repairs

After filling managerial positions at Norwegian Hull Club for almost a decade, Anna Erlandsen has chosen to step down from her role as Senior Vice President Marine Oslo - and as Head of Oslo Branch - in order to have greater focus on market activities as a Senior Underwriter.

Change of management in Oslo office as The Club continues to grow its portfolio

Norwegian Hull Club’s ‘A rating with a stable outlook’ was affirmed by the corporate credit ratings provider S&P Global Ratings, in its latest report on The Club, issued on 4th July 2022.

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

Norwegian Hull Club's Annual General Meeting was hosted digitally on Tuesday June 14th, 2022. The Annual General Meeting elected members to The Club's Committee and Election Committee.

New Committee Members announced at AGM

After careful consideration, Norwegian Hull Club has decided to cease its P&I business. First established in 2008, The Club has not succeeded in establishing a profitable P&I portfolio and as a result, it has concluded to terminate the product line to focus on continuing to build the service concept and grow its business in other segments.

Consequently, starting today, 21st June 2022, The Club will no longer enter into new - or renew – FDD, Owner’s or Charterer’s P&I business.

Norwegian Hull Club ceases its P&I business

As one of the founding members of the Poseidon Principles for Marine Insurance (PPMI) – which entered into force on April 27 this year - Norwegian Hull Club strengthened its commitment to its clients’ journeys towards zero emissions. 

Poseidon Principles for Marine Insurance come into force

Norwegian Hull Club is proud to have been accepted as a member of the Maritime Anti-Corruption Network (MACN).

Norwegian Hull Club becomes a member of the Maritime Anti-Corruption Network

Norwegian Hull Club is further strengthening its presence and commitment to the London market with a number of key changes at its Lime Street office.

Changes in Lime Street as The Club strengthens its London presence

Norwegian Hull Club has announced a proposed 12 % return on premium (USD 16.6 million) in its 

 which was published today, 29 March 2022. This proposal will be presented to the Committee and finally decided by the Annual General Meeting, on 14 June 2022.

The Club announces 12 per cent Premium Return for second consecutive year

In this Casualty Information newsletter, we would like to draw attention to an increase in occurrences of damage to controllable pitch propellers and associated systems.

Damage to controllable pitch propeller systems

In this Casualty Information newsletter, we will highlight the importance of regularly maintaining the cylinder lubrication system.

Cylinder lubrication of 2-stroke engines

S&P Global Ratings, the corporate credit ratings provider, reconfirms Norwegian Hull Club’s ‘A rating with a stable outlook’ in its latest report, issued on July 9th.

The Club’s S&P rating maintained at ‘A/stable’

On 8 June 2021, the Annual General Meeting of Norwegian Hull Club resolved to return 12 % of earned mutual premium during the 2020 fiscal (calendar) year to its members.


Return of mutual premium earned in calendar year 2020 

Technology and its development form a key part of Norwegian Hull Club’s strategy – both in terms of delivering better solutions and services to our clients, as well as advancing the way we do business.

"Survey" brings more efficient claims handling process closer for The Club and its clients

Norwegian Hull Club's Annual General Meeting was hosted digitally on Tuesday June 8th, 2021. The Annual General Meeting elected members to The Club's Committee and Election Committee.

New Committee members at The Club

In this Casualty Information Newsletter, we would like to draw attention to the recent publication of Cefor's Technical Forum - Memo No.9 entitled "Post-IMO 2020 experiences."

Post-IMO 2020 experiences shared in Cefor Technical Forum Memo No.9

In this Casualty Information newsletter, we focus on preventive measures to reduce risks related to the operation of ship cranes.

Reducing risks related to the operation of ship cranes

Norwegian Hull Club has announced a proposed 12 % return on premium in its Annual Report 2020, which was published today (7 April 2021).

12 per cent return premium announced in Annual Report 2020

Every year, around 1,000 of the world’s commercial vessels reach the end of their service lives and become waste. Recycling these ships and their components is the most environmentally considerate way of handling such obsolete vessels. However, only a small proportion are sustainably recycled with workers’ safety and the environment in focus.

Sustainable Recycling Interest - new cover supports clients facing 'total loss' sustainability challenges

In this Casualty Information newsletter, we focus on fire risks during lay-up. As is usual in such newsletters, The Club makes a number of recommendations in order to promote best practice and avoid unwanted incidents.

Bridge and Accommodation fires during lay-up

Norwegian Hull Club has today (Monday, 7 December) relocated to a new landmark building in Bergen, with premises that reinforce the company's service concept and further strengthen its long-term commitment to clients.

New premises strengthen service concept and our long-term commitment to clients 

There is a pressing need for the world to transition to a more sustainable economy and low-carbon future. Now, Norwegian Hull Club is strengthening its team to better meet the future demands of the global offshore energy industry.

Offshore Renewables - The Club strengthens its support for offshore energy industry 

In this article, we would like to draw your attention to fire risks arising from the use of unsuitable air-filter, insulation and cladding materials in the engine room.


Fire risks due to the use of incorrect air-filter and insulation materials

Due to a recent fire in a ship’s laundry, which could easily have led to a serious incident, Norwegian Hull Club wishes to draw attention to such hazards - particularly regarding the use of tumble driers.

Preventing fires in a vessel's laundry

Box coolers became popular on certain types of vessels from around 2005. Norwegian Hull Club has experienced corrosion damage cases involving box coolers since 2014, mainly occurring between one-and-a-half and three-and-a-half years after the first special survey (five-years).

Box cooler corrosion 

Standard & Poor's, the leading company credit ratings provider, has once again classed Norwegian Hull Club as "A with stable outlook".

Club maintains its 'A / Stable outlook' rating from Standard & Poor's

Changes to the Board

“Agile” is a core value at Norwegian Hull Club – the ability to assess conditions promptly and react optimally. Sometimes, having an agile approach to clients’ needs and common challenges can bring unforeseen benefits, in addition to those originally intended.

Technology enables surveys during COVID-19 pandemic, promises benefits beyond

In this Casualty Information newsletter, No. 105, we look at damage to 4-stroke engine main components due to improper maintenance routines and procedures.

Damage involving 4-stroke engine main components

In its Annual Report for 2019, Norwegian Hull Club has included its first Sustainability Report.

The Club publishes 2019 Annual & Sustainability Report

Hackers and cyber-attackers often exploit fear and chaotic conditions. The current COVID-19 pandemic is being used by hackers to launch many cunning Corona-related cyber-attacks.

Cyber threat increase during COVID-19 pandemic

Norwegian Hull Club wishes to remind its clients and members of the ongoing state of Mississippi River trading in this year's high river season.

Mississippi trading and high river season

Norwegian Hull Club is closely monitoring the situation in the Arabian Gulf, Red Sea and Gulf of Aden following a US airstrike on an Iranian target in Baghdad earlier today (Friday, January 3).

Arabian Gulf, Red Sea and Gulf of Aden

Due to a number of fires caused by Hot Work - whether during minor repairs while a vessel is still in operation, during scheduled/unscheduled yard stays, as well as in connection with construction of the vessels - Norwegian Hull Club wants to highlight the importance of proper Hot Work Procedures being followed.

Measures for Hot Work 

Marianne Møgster has joined the Board of Directors of Norwegian Hull Club. Ms Møgster is Senior Vice President of Finance at DOF Subsea AS.

Marianne Møgster joins the Board of Directors

Norwegian Hull Club wishes to share information related to the 0.50% sulphur fuels limit coming into force on 1 January 2020. In October 2016, the International Maritime Organization (IMO) confirmed a global limit for sulphur in marine fuels of 0.50% (mass by mass), effective from the above date.

Considerations as 2020 approaches

Norwegian Hull Club is pleased to announce a new product aimed at tackling a high-profile, emerging risk: Damage to Marine Scrubber Systems: Additional Costs and Loss of Hire Insurance.

Bespoke protection for scrubbers now available

When Norwegian Hull Club introduced Cyber - Clause 380 buy-back cover in 2015, cyber risks were not at the top of the agenda for most ship owners. However, since then, the focus on this threat has increased massively within the maritime industry.

Club raises the annual aggregate limit for Cyber 380 buy-back to $500m

As a mutual marine insurance company, Norwegian Hull Club values long term, close relationships with its clients. This approach also applies to other areas of The Club’s operations.

Celebrating 20 years of a valued relationship

S&P Global Ratings, the corporate credit ratings provider, has stated that a change in its criteria has not affected the 'A with stable outlook' status of Norwegian Hull Club.

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

In order to better understand extreme weather trends, Norwegian Hull Club has entered into a cooperation with Climate Scientist and Research Professor Stefan Sobolowski from NORCE – one of Norway’s largest independent research institutes.

Atlantic Outlook - July 2019 

Norwegian Hull Club is closely monitoring the situation in the Gulf of Oman. We advise all seafarers in the area to exercise extreme caution.

Gulf of Oman

Norwegian Hull Club wishes to emphasise increased safety onboard with a focus on welfare, the environment, assets and the distribution of useful experience. In this newsletter, we focus on taking measures to help prevent fires in the engine room.

Engine Room fires

As stated in Norwegian Hull Club's 2018 Annual Report, the Board of Directors proposed to pay 7.5 % of mutual premium earned in 2018 to the members of Norwegian Hull Club as return premium.

2018 mutual return premium

Following our previous awareness newsletter issued on March 1 2019, Norwegian Hull Club has continued to monitor the Lower Mississippi River conditions.

Lower Mississippi River update

Norwegian Hull Club has announced a proposed 7.5 % return on premium in its Annual Report 2018, which was published today (April 11 2019).

7.5 % return premium announced in Annual Report 2018

The vulnerability of business travellers to cyber-attack was among topics discussed at Norwegian Hull Club’s 11th Loss Prevention Committee (LPC) meeting recently (February 5 and 6, 2019).

Cyber security while travelling

The 11th meeting of Norwegian Hull Club’s Loss Prevention Committee (LPC) took place in London on February 5 and 6 – the first time the event has been held outside of Norway.

Loss Prevention Committee Meeting No.11 in London

Since the 1830s, when owners first found mutuality to be the answer to securing risk capital, the Norwegian marine insurance business has grown immensely. A constant throughout has been– in one form or another - Norwegian Hull Club.

The story of a global, trusted companion 

The 3rd Quarterly Report 2018 for Norwegian Hull Club shows the company attained a positive result of USD 19.9 million in the first nine months of the year.

Norwegian Hull Club publishes 3rd Quarterly Report 2018

On November 5, 2018, the US Treasury Department’s Office of Foreign Assets Control (OFAC) re-imposed US nuclear-related sanctions on Iran that had been lifted under the Joint Comprehensive Plan of Action (JCPOA).

Iran Sanctions - implications and recommendations

As part of its commitment to improving best practice through knowledge sharing, Norwegian Hull Club's latest Casualty Information Newsletter highlights common challenges and recommended actions related to Box Cooler systems.

Proper maintenance for Box Coolers 

This article is based upon discussions and findings from the most recent Norwegian Hull Club Loss Prevention Committee meeting, held in September 2018.

'Bad bunkers' - challenges, recommended actions

The 2019 version of the Nordic Marine Insurance Plan has been approved by the Plan’s Standing Revision Committee.

Nordic Marine Insurance Plan 2019 online

The 10th meeting of Norwegian Hull Club’s Loss Prevention Committee (LPC) took place in Bergen on Tuesday 25th and Wednesday 26th of September 2018.

'Bad bunkers' discussed at 10th Loss Prevention Committee

Norwegian Hull Club has once again been classed as ‘A with stable outlook’ by S&P Global ratings - the world’s leading provider of corporate credit ratings.

Norwegian Hull Club maintains ‘A/Stable’ rating with S&P

Norwegian Hull Club attained a positive result of USD 21.1 million and a combined ratio of 71 per cent for the first half of 2018, the company’s Q2 2018 interim report shows.

Q2 2018 Report published

In June 2018 the latest edition of the Best Management Practices to Deter Piracy and Enhance Maritime Security in the Red Sea, Gulf of Aden, Indian Ocean and Arabian Sea (BMP5) was published.

BMP5 Brief with piracy focus

Norwegian Hull Club's 1st Quarterly report for 2018 has now been published.

1st Quarterly Report 2018 published

Norwegian Hull Club's dedication to innovation and its quest to further understand clients' needs helped its market share continue to grow last year, company CEO Hans Christian Seim says in the Annual Report 2017.

Annual Report 2017 reveals market share growth

Automation and optimisation of data flow is key to make marine insurance more effective and reduce transaction costs. 

ITS goes from strength to strength

We are pleased to announce that we have succeeded in recruiting another highly qualified colleague, with Hilde Førland joining Norwegian Hull Club as our Chief HR Officer (CHRO) early in 2018.

Hilde Førland joins The Club

Today Norwegian Hull Club has published its operating result after 9 months, a $17,8m profit strengthening our capital base.

Club's stronger capital base after 9 months

We continue to strengthen our claims department and are pleased to announce that Anne Systad has accepted a position as Senior Claims Handler & Adjuster in Norwegian Hull Club.

Insights