Products and Services

Offshore Wind Farms

Georg Nygaard has nearly 20 years’ experience within maritime risk analysis. Prior to his current position as Head of Global Energy & Specialty, Georg was Senior Vice President & Head of Section - Global Energy after working his way up from 

assistant underwriter, underwriter and senior underwriter roles with Norwegian Hull Club.

He holds a Master’s degree in Economics and Business Administration from the Norwegian School of Economics and Hong Kong University. In 2004 Georg founded YoungShip, a non-profit organisation for young people working within the global maritime industry. Today it boasts more than 3,000 members globally. He is also Chairman of the Cefor Offshore Energy Forum.

Formerly on the Board of Directors of GC Rieber Shipping (2012-2016), Georg is currently a member of the International Union of Marine Insurance's Energy Committee.

He says: “With the global transition to low carbon and renewable energy now increasing speed, it is great to have the opportunity to contribute from the insurance side. Offshore wind will form a vital part of the energy mix going forward and we will be there to support the fixed and floating industry.”

Head of Global Energy & Specialty

Bin Wang has two decades’ experience within the maritime, legal, and marine insurance industries. He has been with Norwegian Hull Club since 2011 and works on the Global Energy & Specialty team as Vice President Underwriting. During his time with The Club, Bin has amassed a wealth of knowledge and experience working with its Energy, Builders Risk, and Special Risks teams. He has a proven track record of finding creative underwriting solutions to unique and bespoke risks.

Bin holds a B.S. in Naval Architecture & Marine Engineering from the University of Michigan, an M.S. in Marine Technology from the Norwegian University of Science & Technology (NTNU) where he attended as a Fulbright Scholar, and a J.D. from the College of William & Mary School of Law in Virginia.

He says: “In an increasingly volatile insurance environment, Norwegian Hull Club’s consistency and longevity in the market bring a welcome sense of stability to our valued clients. As we now venture into the offshore renewables segment with them, our clients know that this is done with steadfast purpose. The Club’s goal is to remain a long-term, committed partner in risk management - far more than being a mere capacity provider.”

Vice President

Claims Handler & Adjuster

Senior Underwriter

Norwegian Hull Club started insuring wind farms

 - which have adopted a key position in the global drive for sustainable energy - in 2018.

Since 2018, Norwegian Hull Club has been insuring wind farms both during the construction phase and after commencement of operations. We offer the following covers:

Operating All Risks - physical loss/damage to offshore wind farms in operation

Business Interruption and Contingent Business Interruption 

Insurances are not only offered to the developers, contractors, investors, owners and operators of offshore wind farms but also to suppliers, operation & maintenance contractors and original equipment manufacturers.

In addition, insurances are offered to owners and operators of transmission infrastructure, hereunder the offshore transmission owner (OFTO) companies in the UK and other transmission system owners and operators directly linked to one or several wind farms. 



Norwegian Hull Club - the Preferred Leader

With extensive experience from the marine and energy segments as Claims Leader, Norwegian Hull Club will be offering to take the Claims Lead position for some specially selected projects and farms.

When placing insurance with Norwegian Hull Club as Leader, an Assured has access to claims handling experience, service levels and competence of the highest quality. We handle claims and critical situations in the most professional way. We prioritise and make claims settlements much quicker than the industry average, through practical, solution-driven claims handling and involvement from notification to final payment. Norwegian Hull Club encourages teamwork together with the Assured and the broker.

Our world-leading contingency support and operational intelligence services are developed from handling some 2,500 claims every year. We organise a wide variety of loss prevention activities for both ship and shore-based staff, sharing experience from actual incidents, aimed at improving industry best practice.

In the global transition to low carbon and renewable energy, offshore wind farms have taken a central role.