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Codan has lost its special status at Maersk

A.P. Moeller-Maersk's preferred insurance company through many years, Codan, is no longer the Group's only Danish insurance company. Read on to see who else got in.

Photo: IMO

After many years with the special status of being the only Danish insurance company to cover accidents in the Maersk Group fleet, this summer Codan had to accept the fact that the job was being divided, to be shared with newly established marine insurance company Lavaretus Underwriting.

The remarkable thing is that Lavaretus as a company was only a little more than six months old, with new offices on Axeltorv, Copenhagen, when the Maersk Group decided to place part of its portfolio with the insurance company, as an agent issues insurances on behalf of major British company Lloyd's. On June 1st this year, Lavaretus could count the world's largest container carrier among its clients, along with the many other ships under Maersk Tankers and Maersk Supply, and others.

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