Hydor, a rapidly growing Oslo-based fixed premium marine underwriter, is pleased to announce new in-house claims services and expanded facility for Hull & Machinery coverage. Established in 2010, Hydor has established itself as an emerging global player in the fixed premium (commercial) P&I insurance market. The company is specialised in P&I cover for owners operating vessels up to 45,000 GT, with limits up to USD one billion and cover for any type of charterer, with no restrictions on vessel size or type. According to Managing Director Morten Skomsøy, Hydor has strengthened its product offering in Hull and Machinery. “In 2016, Hydor expanded services in H&M coverage, securing a capacity of USD 10 million, “ he says. “While the company has been active in hull and machinery coverage for years, this was mostly an add-on to our P&I products. As our volume has increased, we have identified demand for more comprehensive services.” Skomsøy notes that demand for integrated services for all lines of business has resulted in some new hires at the company. “Effective March 1, Hydor will manage claims in-house,” he says. “We are confident that we now have the right team in place to offer our customers a first class claims service that is fully integrated with our other core offerings.” While based in Norway, Hydor is a global provider of marine underwriting services, with a market presence in Europe, Asia and the Americas. The company formed a joint venture with the venerable London-based P&I underwriter, the Standard Club, in 2016. The new company StandardHydor will operate exclusively in Norway, Sweden and Finland for the Standard Syndicate, an insurance provider for the Lloyds market.   Hydor has also works in cooperation with First Capital Insurance Ltd., a Fairfax company based in Singapore, and Asia Capital Reinsurance (ARC), a leading regional player in the dynamic pan-Asia region, with networks that extend from the Middle East, South East Asia, China and into Japan. “In addition to distribution for various products, we share marketing responsibilities and intelligence to better serve these dynamic markets,” says Skomsøy. “We may be based in Norway, but we offer a global service.” Skomsøy notes that the security Hydor holds has a Standard & Poor rating of A+ (Strong) and Hydor currently has an overall premium volume of USD 16 million.  “Our strong financial security and the experience of our personnel provides customised cover for marine operational risk,” he says. “By strengthening our H&M coverage and offering in house claims services, we are confident that we will continue to grow – not only in the Nordic market but throughout the world.”