Insurer NorthStandard has announced a new and expanded strategic partnership with the Noord Nederlandsche P&I Club (NNPC), building on the two mutual insurers’ previous long-standing and successful arrangements.
The formal partnership confirms NorthStandard as the exclusive reinsurer of NNPC and supports its growth and diversification ambitions by offering additional products and services underwritten by NorthStandard. The partnership is expected to create added value for NNPC’s existing and future members and clients by facilitating growth while strengthening its status in the Northern European coastal sector.
The partnership agreement, which was signed by both parties at a ceremony in England’s northernmost city of Newcastle at the end of November, continues and strengthens the collaboration that has been in place since 2008.
NorthStandard wants to realise its long-term growth targets with NNPC
“Building on the success of our shared history and our vision for the future, we are delighted to formalise our partnership with NorthStandard. We believe the relationship will help NNPC realise its long-term growth and diversification objectives,” said Rob Beets, Chairman of the Board of Directors of NNPC.
“We are pleased to formalise this new partnership with NNPC and build on a relationship that began over 15 years ago,” said Jeremy Grose, Managing Director of NorthStandard. The NNPC team is committed to achieving our joint long-term growth objectives and gaining a partner on the European continent.
