Codan

Codan was identified as one of the economic operators awarded a contract for Construction All Risks (CAR) insurance relating to the Eneco Luchterduinen offshore wind farm development (Q10). The insurance procurement was conducted by Clusius C.V., validly represented by Q10 Offshore Wind B.V., for a project situated about 23 kilometres off the Dutch coast near Noordwijk and Zandvoort. The awarded scope comprised a CAR insurance programme intended to provide risk coverage throughout the project’s construction period and the applicable maintenance period. For an offshore wind development, CAR insurance is commonly structured to cover the insured works and construction activities against loss or damage events and other insured risks that can arise during offshore and onshore construction, marine operations, and commissioning. The award notice listed Codan alongside a group of other named insurance market participants, indicating that the project insurance was placed with multiple operators. The notice did not provide details on Codan’s share, underwriting position, or responsibilities within the overall insurance arrangement. The contract award decision date was given as 16 August 2013. No contract value, premium amount, or policy terms were disclosed in the published notice.