London Wind Academy 2025
Wednesday, November 5
Registration and coffee
3.30 pm
Lloyd’s Banqueting Suite, Lloyd’s building, 1 Lime Street
Welcome and opening
by Georg Nygaard, NIORD
3.45 pm
Clauses & Conditions - blowing in the wind?
Introduction to general insurance clauses & conditions used within Offshore Wind, by Erik Meneilly, NIORD
Nordic Offshore Wind Insurance Conditions (NOWIC) - introduction to the new set of conditions that are to be launched on November 3rd by Cefor, by Ellinor Morrison, NIORD
Presentation of ClubFixed and ClubFloat, the two imaginary windfarms that form the basis for examples, cases and discussions at the Academy. by Simon Markussen and Paulius Kavaliauskas, NIORD
Comparison of key clauses within insurance of Offshore Wind
Scope of cover and insurers' liability
Insured / Assured / Co-assured and Multiple Insured - who is actually insured and for what?
Basis of recovery, Unit versus Project approach – pros & cons with both.
Operation or Maintenance & Discovery – what is covered where?
Minor, major or ordinary works during operation – what works are (not) covered and why?
Examples from ClubFixed and ClubFloat to be discussed.
By Menaka Skjold and Sunniva Hellesund, NIORD
4.20 pm
4.50 pm
Break
Regulation of defects & serial loss
Leg clauses versus WELCAR versus the alternatives in the NOWIC.
Brief discussion on the various serial loss clauses used in the market today and what default solution NOWIC incorporates.
Groupwork – case with ClubFixed. By Mats J. Waage and Lukas Carbol, NIORD
5.00 pm
The Claims’ experience – ambiguity or clarity?
Which clauses, conditions or their parts tend to be the friction points and how to avoid situations where policy language raises more questions than it answers?
Together with Paul Lowrie, Clyde & Co. and Franco D’Andrea, DWF, we’ll examine how clarity (or the lack thereof) in insurance conditions may shape the claims experience and look into the potential room for improvement.
5.35 pm
6.00 pm
Break
Insurance focus from developers & operators
With extensive experience from the construction and operation of both fixed and floating windfarms, what is of key importance from the perspectives of developers and operators? Are there lessons learnt that are worth sharing?
Vincent Malandain from Ocean Winds and Sigurd Willoughby, Insurance Manager REN, Equinor, will both share their thoughts with the insurance manager for the imaginary fixed and floating windfarms, ClubFixed and ClubFloat.
6.10 pm
The Insurers’ concerns
Panel discussion
What are the important OWF insurance clauses & conditions seen from the insurers’ perspective? Insurers in the market share their views.
Adam Reed, Global Leader for Offshore Renewables and Upstream Energy Allianz.
GuangQuan Xu, Offshore Renewable Underwriter and New Energy Practice Head, Scor.
Sabine C. Mazay, Vice President, Special Advisor Specialty, Gard
Bin Wang, Chief Underwriting Officer, NIORD.
The Insurers’ panel will be moderated by Tom Sans, Broker Offshore Renewables, AON.
6.35 pm
End & Summary
by NIORD
7.10 pm
Norwegian Hull Club's Office
37/39 Lime Street
Social gathering
7.15 pm
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