Axis

Axis was named as a selected economic operator for the provision of Construction All Risks (CAR) insurance for the Eneco Luchterduinen offshore wind farm (also known as Q10). The contracting authority for the insurance procurement was Clusius C.V., validly represented by Q10 Offshore Wind B.V. The project location was described as approximately 23 kilometres off the coast of the municipalities of Noordwijk and Zandvoort in the Netherlands. The CAR insurance scope was defined as providing coverage during the construction period and the applicable maintenance period for the development of the wind farm. In practice, this form of project insurance is used to mitigate owner and contractor exposures associated with building and installing offshore wind assets, including the risk of physical damage or loss to the works and related construction activities during execution. Axis was included among several insurers/market participants appointed under the same award notice, indicating a shared placement structure rather than a single-provider policy. The award notice did not specify the role of Axis within the placement (e.g., lead or follow capacity), nor did it disclose any policy limits, deductible levels, premium, or contract value. The stated award decision date for this insurance contract was 16 August 2013.