NorthStandard opens new Asia headquarters in Singapore
(Posted on 18/04/23)
NorthStandard has opened the doors of the Singapore office that establishes its new headquarters in Asia. Located in expanded and fully refurbished premises at the former North address of Springleaf Tower, Anson Road, the establishment of a single office was marked out as a priority during the merger between North P&I and The Standard Club, given the significance of regional members and the pivotal role of Singapore based service delivery.
Establishing a combined P&I business that is considered to be more extensive than any other within the Lion City, NorthStandard has identified continuity of customer relationships as its first priority across the region. The consolidated office is led by David Roberts, former Standard Asia Managing Director and James Moran, former North Director (Singapore).
Roberts, who has been appointed Head of Asia-Pacific, commented: “Singapore’s maritime industries are accustomed to hearing about the benefits of scale, but we are also fully aware that members and brokers put the highest value on the relationships we have with them. We have acted at pace to launch NorthStandard in Singapore to confirm our commitment to continuity of service in Asia delivered by our combined team.”
“The personal contacts and relationships that members value remain firmly in position within the new organisation. Members will also welcome the fact that a far broader service portfolio is available to them within the region than was previously the case through either North or Standard,” added Moran, who was recently confirmed as NorthStandard’s Chief Operating Officer, Asia Pacific/Head of P&I Claims - Asia Pacific. “Service levels will benefit from the combination of resources and inhouse capabilities: arguably, we offer the widest service provision in P&I based in this time zone.”
With expertise in loss prevention, claims, FD&D and underwriting in the region drawing on the skills of in-house lawyers, master mariners and engineers, NorthStandard also hopes to contribute strongly to work on enhancing safety, sustainability and security, in support of Singapore’s maritime sector.
Consolidation in Singapore provides a basis for a regionally led response from NorthStandard to the challenges of decarbonisation, digitalisation, regulation, and recruitment, said Roberts. The Club’s regional specialities include management of the Singapore War Risks Mutual (SWRM) (Singapore’s national war pool) -, Strike & Delay Class cover, a particularly strong position in FD&D , fast-growing owners’ fixed premium lines of business and a dedicated Coastal & Inland Class.
“Diversification provides a strong path for growing the combined business from Singapore,” added Moran. “Both North and Standard Club built their businesses on service excellence, but even in the first months post-merger, we are seeing how - together – NorthStandard is something even better.”
On its launch day, 20 February 2023, S&P Global confirmed that NorthStandard had been given an enhanced ‘A’ rating with stable outlook based on its competitive position, financial strength, 'AAA' capital adequacy and sound balance-sheet risk management.
With over 390 million GT of owned and chartered tonnage on its books, NorthStandard consolidates annual premiums of around US$800 million, employs over 650 people and brings together over 300 years of P&I heritage. For the 2023/24 Policy Year, members of North and Standard Club have renewed into their existing insurance entities, with 2023/24 certificates and documentation retaining Standard Club and North branding. It is anticipated that insurance entities will adopt a common NorthStandard policy from 20 February 2024.
Latest News
Anemoi completes Rotor Sail installation on NS United bulk carrier
(Posted on 15/11/25)Anemoi Marine Technologies, the UK-based leading designer of Rotor Sails for wind-assisted ship propulsion... Read more
LR and Marshall Islands certify Helm CONNECT electronic record books
(Posted on 14/11/25)Helm Operations has announced that nine electronic record books within Helm CONNECT Logbook have been... Read more
Sailors’ Society launches increased support for Chinese seafarers
(Posted on 13/11/25)International maritime welfare charity Sailors’ Society has announced a significant expansion... Read more
NORDEN signs two-year contract with US wood pellet producer
(Posted on 10/11/25)NORDEN has signed a two-year Contract of Affreightment (COA) with Enviva to transport a significant... Read more
Algoma reports strong core results and continued fleet growth
(Posted on 10/11/25)Algoma Central Corporation has reported its results for the three and nine months ended 30 September... Read more
Damen unveils Combi Freighter 5000 ICE
(Posted on 10/11/25)Damen Shipyards Group has unveiled the latest platform in its successful cargo vessels portfolio. The... Read more
Wallem Group reaches a century in Hong Kong
(Posted on 04/11/25)Wallem Group, a leading global maritime partner, is celebrating the centenary of moving its headquarters... Read more
INTERCARGO celebrates record membership ahead of 45th Anniversary
(Posted on 04/11/25)The International Association of Dry Cargo Shipowners (INTERCARGO) is marking its 45th anniversary in... Read more
NORDEN reports net profit of US$26m in Q3 2025
(Posted on 04/11/25)Net profit for the Group amounted to USD 26 million (DKK 166 million) in the third quarter of 2025,... Read more
ClassNK releases 'Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)'
(Posted on 04/11/25)ClassNK has released 'Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)' first in... Read more
