GCube

GCube was listed as one of the economic operators awarded the contract to provide Construction All Risks (CAR) insurance for the Eneco Luchterduinen offshore wind farm project (Q10). The procurement was issued by Clusius C.V., validly represented by Q10 Offshore Wind B.V., for a wind farm located roughly 23 kilometres offshore from the municipalities of Noordwijk and Zandvoort in the Netherlands. The award covered CAR insurance intended to insure the project during the construction phase and the applicable maintenance period. For offshore wind, this type of coverage is typically arranged to protect the physical works under construction and related construction operations, helping manage financial exposure arising from accidental damage, loss events, and other insured risks while assets are being manufactured, transported, installed, and commissioned. The notice indicated that GCube was part of a multi-party insurance placement, with several other insurers/participants named as co-awardees. The document did not provide any further detail on the specific split of coverage, layers, deductibles, or underwriting structure attributable to GCube. The date of the contract award decision was stated as 16 August 2013. No contract value or premium information was disclosed.