NorthStandard and NNPC enter into strategic partnership to support shared ambitions

NorthStandard has introduced a brand new and expanded strategic partnership with Noord Nederlandsche P&I Membership (NNPC) that builds upon the earlier long-standing and profitable preparations between the 2 mutual insurers.

The formal partnership confirms NorthStandard as NNPC’s unique reinsurer and helps NNPC’s development and diversification ambitions via the power to supply extra services and products secured by NorthStandard. The partnership will add worth for NNPC’s current and future members and purchasers by facilitating development whereas on the similar time reinforcing NNPC’s standing within the Northern European coastal sector.

Signed by each events at a ceremony in Newcastle on Wednesday, 27 November 2024, the partnership settlement continues, and builds on, a relationship between NorthStandard and NNPC relationship again to 2008.

“Constructing on the success of our shared historical past and imaginative and prescient for the long run we’re happy to formalise our partnership with NorthStandard, with full confidence that the connection will assist NNPC realise its long-term development and diversification ambitions,” mentioned Rob Beets, Chairman of the Board of Administrators, Noord Nederlandsche P&I Membership.

“We’re delighted to formalise this new partnership with NNPC and construct on a collaboration that started over 15 years in the past,” mentioned Jeremy Grose, Managing Director, NorthStandard. “We stay up for working with the NNPC staff to attain our shared long-term development targets and securing a companion on the European continent.”

Photograph: Rob Beets, Chairman of the Board of Administrators, Noord Nederlandsche P&I Membership and Jeremy Grose, Managing Director, NorthStandard