NorthStandard and NNPC enter into strategic partnership
(Posted on 29/11/24)
NorthStandard has announced a new and expanded strategic partnership with Noord Nederlandsche P&I Club (NNPC) that builds upon the previous long-standing and successful arrangements between the two mutual insurers.
The formal partnership confirms NorthStandard as NNPC’s exclusive reinsurer and supports NNPC’s growth and diversification ambitions through the ability to offer additional products and services secured by NorthStandard. The partnership will add value for NNPC’s existing and future members and clients by facilitating growth while at the same time reinforcing NNPC’s status in the Northern European coastal sector.
Signed by both parties at a ceremony in Newcastle on Wednesday, 27 November 2024, the partnership agreement continues, and builds on, a relationship between NorthStandard and NNPC dating back to 2008.
“Building on the success of our shared history and vision for the future we are pleased to formalise our partnership with NorthStandard, with full confidence that the relationship will help NNPC realise its long-term growth and diversification ambitions,” said Rob Beets, Chairman of the Board of Directors, Noord Nederlandsche P&I Club.
“We are delighted to formalise this new partnership with NNPC and build on a collaboration that began over 15 years ago,” said Jeremy Grose, Managing Director, NorthStandard. “We look forward to working with the NNPC team to achieve our shared long-term growth targets and securing a partner on the European continent.”
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