About Nordic Marine Insurance
Nordic Marine Insurance is a company based in Stockholm (Sweden) founded in 2012 was acquired by West of England in January 2025. It operates as a Professional Services, and Subscription Services. Nordic Marine Insurance offers products and services including Nordic Primary Loss of Earnings, Nordic Hull, Nordic Loss of Hire, Nordic Delay Insurance, and Nordic Maritime Liens. Nordic Marine Insurance operates in a competitive market with competitors including RAC, Blue KC, Prudential, Beazley and Folksam, among others.
- Headquarter Stockholm, Sweden
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Nordisk Marinförsäkring Ab
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Employee Count
Employee Count
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Acquired by
West of England
(Jan 09, 2025)
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Products & Services of Nordic Marine Insurance
Nordic Marine Insurance offers a comprehensive portfolio of products and services, including Nordic Primary Loss of Earnings, Nordic Hull, Nordic Loss of Hire, Nordic Delay Insurance, and Nordic Maritime Liens. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Coverage for delays under H&M policies is provided.
Hull insurance facility for marine vessels is offered.
Conventional loss of hire insurance is made available.
Fixed premium delay insurance for vessels is provided.
Specialized cover for bareboat charterers debts is offered.
Funding Insights of Nordic Marine Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nordic Marine Insurance
Nordic Marine Insurance has secured backing from 1 investor. Prominent investors backing the company include West of England. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Offers mutual marine insurance services as a reliable carrier.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Nordic Marine Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nordic Marine Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nordic Marine Insurance Comparisons
Competitors of Nordic Marine Insurance
Nordic Marine Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RAC, Blue KC, Prudential, Beazley and Folksam, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Vehicle parts and accessories are sold via an online platform.
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Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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Financial services for pensions and investments are provided by Prudential.
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Specialist insurance and reinsurance are underwritten for clients worldwide.
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Operates as a leading insurance provider offering comprehensive coverage and risk management solutions.
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Insurance carrier firm
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nordic Marine Insurance
Frequently Asked Questions about Nordic Marine Insurance
When was Nordic Marine Insurance founded?
Nordic Marine Insurance was founded in 2012.
Where is Nordic Marine Insurance located?
Nordic Marine Insurance is headquartered in Stockholm, Sweden.
What does Nordic Marine Insurance do?
Nordic Marine Insurance, based in Stockholm, Sweden, is recognized for offering specialized marine insurance products to the global maritime industry. The company is focused on niche solutions such as Delay Insurance, Primary Loss of Earnings, and Maritime Lien covers. Additionally, mainstream marine insurance products are provided through partnerships with major reinsurers. Services are tailored to meet the specific needs of ship operators with a commitment to reliable and expert advice. The marine sector is primarily served, addressing daily operational challenges faced by clients through innovative and fixed premium insurance solutions.
Who are the top competitors of Nordic Marine Insurance?
Nordic Marine Insurance's top competitors include RAC, Beazley and Prudential.
What products or services does Nordic Marine Insurance offer?
Nordic Marine Insurance offers Nordic Primary Loss of Earnings, Nordic Hull, Nordic Loss of Hire, Nordic Delay Insurance, and Nordic Maritime Liens.
Who are Nordic Marine Insurance's investors?
Nordic Marine Insurance has 1 investor. Key investors include West of England.