NorthStandard makes key appointments to launch new energy sectors
LONDON: NorthStandard has appointed Matt Holmes and Andrew Carter to lead its newly created Upstream Energy and Marine & Energy Liability sectors, expanding the global insurer’s specialty portfolio into significant adjacent markets.
Holmes and Carter join from Dale Underwriting Partners on 29 September, bringing decades of expertise in energy and complex liability risks. Holmes will head NorthStandard’s Upstream Energy sector, with Carter leading Marine & Energy Liability and reporting directly to Holmes. Both will work closely with NorthStandard’s market-leading Offshore & Renewables P&I team, led by John Croucher, to deliver integrated marine and energy solutions for Members and brokers.
“NorthStandard aims to be the marine insurer of choice. Growth and diversification are key to creating value for our membership, and these appointments mark an important step in continuing to deliver on that ambition,” said Nick Wolfe, Chief of Specialty Sectors.
Holmes, who previously led Dale’s entry into upstream energy, said “This launch gives us the platform to build a market-leading presence, backed by the strength, service and security NorthStandard is known for.”
Carter added “Working alongside Matt and John, we can deliver the expertise and responsiveness brokers and their clients need.”
The appointments broaden NorthStandard’s specialty offering, signalling its commitment to building long-term partnerships in marine and energy markets.
About NorthStandard:
NorthStandard is one of the leading providers of global marine insurance products and services across the maritime industries. Established through the merger of North P&I Club and the Standard Club in February 2023 and ‘A’ rated by S&P Global, NorthStandard has premium revenues exceeding US$886 million, free reserves of US$800 million and mutual pool tonnage surpassing 270 million GT.
From headquarters in the UK and with offices throughout Europe, Asia and the Americas, NorthStandard offers a unique blend of worldwide presence and class-leading expertise across multiple specialist areas, including P&I, FD&D, War Risks, Strike & Delay, Hull and Machinery and ancillary insurance. Its Sunderland Marine and Coastal & Inland divisions also provide cover for owners’ fixed premium P&I, fishing vessels, inland waterway and coastal trading vessels. NorthStandard’s comprehensive local market and sector knowledge is underpinned by continuous investments in market-leading digital technologies.
NorthStandard is a leading member of the International Group of P&I Clubs (IG) and is fully committed to upholding the shared objectives of its 12 independent member clubs, which provide liability cover for approximately 85% of the world’s ocean-going tonnage.