Ascot

Ascot was included among the economic operators awarded the contract for Construction All Risks (CAR) insurance supporting the development of the Eneco Luchterduinen offshore wind farm (Q10). The contracting authority for the procurement was Clusius C.V., validly represented by Q10 Offshore Wind B.V. The project was described as being located roughly 23 kilometres off the coast of Noordwijk and Zandvoort in the Netherlands. The scope of insurance comprised a CAR policy programme providing coverage during the construction phase and the applicable maintenance period. Such coverage is typically arranged to address project execution risks during offshore wind construction, protecting the insured works and related construction activities against physical loss or damage and other insured events that may occur through transport, installation, and commissioning. Ascot was named alongside multiple other awarded insurance market participants, reflecting that the CAR coverage was placed with a group of operators. The award notice did not specify Ascot’s capacity (e.g., lead/follow), percentage participation, or the detailed policy terms, and it did not disclose a premium or contract value. The notice provided the date of the contract award decision as 16 August 2013, indicating that the insurance placement was finalised ahead of the main construction period.