Insurance Law
We provide specialised legal support to insurance companies, policyholders and insurance brokers in all types of insurance cases. Our team has a well-established and thorough understanding of the insurance industry, covering both traditional and new insurance products.
Our insurance experts assist with the assessment of coverage issues and recourse claims and have a proven track record of resolving disputes in both general courts and arbitration.
We also assist in the drafting of terms and conditions and the preparation of agreements for insurance brokers and agents. Additionally, we have a unique international insurance offering through our foreign offices and our English legal team.
We offer
Within general insurance we offer expertise in all forms of insurance, including;
- Property insurance
- Management and professional liability / D&O
- Cyber
- M&A
- Business interruption
- Criminality
- Natural damage
- Occupational injury
- Reinsurance
Our team has extensive experience with the various types of insurances within shipping, energy and goods transport, including;
- Hull
- P&I
- Loss of hire
- War
- Transportation of goods
- Offshore/energy
Read our articles on Insurance
Nordic Plan vs. ITCH – what are the main differences?
The Nordic Marine Insurance Plan of 2013, now in its 2023 version, is the preferred choice of insurance conditions for vessels and mobile offshore units in the Nordic market for all standard non-P&I insurances. The Nordic Plan is also gaining popularity with insurers and owners outside the Nordic countries. Previously those insurers and owners would often turn to the Institute Time Clauses Hulls of 1983 (ITCH) developed by the London market. This article considers some of the key differences between the two sets of conditions.
Insurers may deposit insurance payments under the Nordic Plan
In the first arbitration award known to have been rendered under the new procedural rules of the Nordic Offshore and Maritime Arbitration Association (NOMA), the tribunal clarified that the insurers’ right under Norwegian insurance law to deposit insurance payments with liberating effect, also applies to co-insurance pursuant to the Nordic Marine Insurance Plan (Nordic Plan).
Insurers prevail in landmark Nordic Plan CTL judgment
Following a long legal battle before the Norwegian courts, the Court of Appeal has dismissed a claim by the owners of the vessel “Champion Express” for a constructive total loss (“CTL”) under the Nordic Plan. Wikborg Rein acted for the insurers in what has been the first Norwegian judgment on CTL since the now 31 year old ND-1992-172 Berglift judgment.
