Gard launches a new war risk service
In response to rising geopolitical tensions, Gard, the shipowner-controlled provider of P&I, marine and energy insurance products, has launched a new war risk service, which it says will make it easier for clients to mitigate risks in a fast-changing environment.
Gard will offer the new service through an agreement with the Norwegian Shipowners' Mutual War Risks Insurance Association (DNK), a provider of intelligence, active loss prevention services and war risk covers.
Bjørnar Andresen, Gard’s chief underwriting officer, said: “We live in uncertain times, and our clients rely on good intelligence and unfiltered threat assessments to make the very best decisions they can. With this improved war risk service, we are taking a big step forward, offering our clients with war risk led by Gard something that can make a huge difference in helping to prevent losses and improve operational safety.
“From 1 November, our lead clients on War will be able to benefit from a wide range of intelligence products delivered by DNK. They can also get tailored and exclusive intelligence reports upon request, as well as additional expertise and support in cases of crisis and war risk incidents. All vessels with Gard war lead will be monitored by DNK`s Intelligence & Operations Centre and receive warnings when a vessel may be affected by an imminent security threat.”
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