Home Finance and Risk Management Home Why you can 'Expect more' with The Club Finance and Risk Management Norwegian Hull Club’s service concept is founded upon a comprehensive risk management framework and a strong capital base. Standard & Poor’s Global Ratings (S&P) reaffirmed the 'A with stable outlook' rating of Norwegian Hull Club on 9 July 2021. S&P highlights The Club's extremely strong capital adequacy and its established position in marine hull and loss of hire as key strengths – and expects that The Club will maintain its capital adequacy above the confidence level expected of a 'AAA' rated entity. S&P’s public rating of Norwegian Hull Club is available here. Integrity and high ethical standards Norwegian Hull Club conducts its business and operations with the greatest integrity and to the highest ethical standards. These elements are embraced by the entire organization. Integrity is also one of the core values of the company. The Club has a comprehensive risk management and internal control framework to systematically identify, assess, manage and communicate risks throughout the organisation. Clients and business partners can trust that Norwegian Hull Club conducts its business with a high level of responsibility, respect, and transparency and in accordance with the laws, legislations and standards presented in the model below: Responsible investments Norwegian Hull Club is - and aims to remain - a responsible investor. Active corporate governance, international conventions, and integration of sustainability topics into asset management form the basis of responsible investments. The foundation of Norwegian Hull Club’s investment philosophy is the conviction that strong corporate governance, combined with a focus on environmental and social issues, is instrumental for long-term profitability. The best investments over time are those made in well-managed companies that, in addition to strong business performance, apply a systematic and integrated approach to sustainability to protect and grow future cashflows. Such companies will also be best able to manage risk associated with environmental, social and governance (ESG) issues. Sustainability and ESG are, therefore, integral parts of the investment manager screening and selection process. Norwegian Hull Club uses third-party asset managers for security selection, through funds and discretionary mandates. Responsible investment is a key consideration when selecting external asset managers. In general, asset managers continue to improve their abilities within the field of sustainable investments as clients and society increase expectations. Norwegian Hull Club primarily seeks external asset managers that: Are signatories to UN Principles for responsible investments (Norms-based screening) Are transparent about ESG issues Apply a systematic and integrated approach to sustainability factors in their investment processes (ESG integration) Report on ESG Seek investments with positive ESG effects that do not require financial trade-off Solvency & Financial Condition Reports Solvency & Financial Condition Report 2020 Solvency & Financial Condition Report 2019 Solvency & Financial Condition Report 2018 Solvency & Financial Condition Report 2017 Solvency & Financial Condition Report 2016 Key contacts Per GustavBlom Chief Financial Officer per.blom@norclub.com +47 911 37 530 Maiju StockelKvamme Head of Risk Management & Business Operations maiju.stockelkvamme@norclub.com +47 952 75 955 Jon HenrikBruvoll Investment Director jon.bruvoll@norclub.com +47 907 30 497 PålNytveit Manager Accounting pal.nytveit@norclub.com +47 911 49 041 Documents 3rd Quarter Report 2021 2nd Quarter Report 2021 1st Quarter Report 2021 S&P rating July 2021 Annual and Sustainability Report 2020 3rd Quarter Report 2020 2nd Quarter Report 2020 1st Quarter Report 2020 Annual and Sustainability Report 2019 3rd Quarter Report 2019 2nd Quarter Report 2019 1st Quarter Report 2019 Annual Report 2018 3rd Quarter Report 2018 2nd Quarter Report 2018 1st Quarter Report 2018 Annual Report 2017 S&P July 2020 Norwegian Hull Club is a member of Cefor IUA of London 2020 © Norwegian Hull Club Copying from the 'Insight' section of this website for publication elsewhere is not allowed without express permission from Norwegian Hull Club. DISCLAIMER PRIVACY POLICY We use cookies, please read our privacy policy for more information OK