Sunderland Marine today, 29 July 2022, confirmed the sale of Van Olst De Graaff & Co BV (VODG) to Juch & Van Valzen Holding BV as of 13 April 2022, with insurance cover for fishing, coastal and other specialist vessels to continue to be provided by Sunderland Marine. VODG now joins John P De Wit Assurantiën as part of the group of companies owned by Juch & Van Valzen Holding BV.
VODG, established in 1998, has operated as a subsidiary of Sunderland Marine since its founding and provides insurance services for fishing, shipping, road and water transport customers in the Netherlands.
John P. De Wit are an independent medium-sized insurance office in existence for 53 years and well renowned for its high-quality services in the field of marine insurance, offering proactive and sound advice and personal contact from an experienced team of professionals.
Craig McBurnie, Director (Sunderland Marine), commented “The sale of VODG will allow us to provide continuity of service with our long established, successful Dutch business. I look forward to continuing to work closely with Henk, Hans and the team at De Wit and wish them the very best of luck in the future.”
Paul Jennings, Chief Executive Officer, added “This sale will allow North Group to strengthen our relationships in the Netherlands for fishing, coastal and specialist vessel business whilst working alongside a long-term strategic partner”.
About Sunderland Marine:
Sunderland Marine provides market-leading fixed premium marine insurance products: Aquaculture, Fishing, Coastal and other Specialist Vessels and Owners Fixed Premium. Established in 1882 in Sunderland, we’re now based in Newcastle-upon-Tyne following the 2014 merger with global marine mutual insurer North P&I. The merger formed the North Group, which now underwrites our Owners’ Fixed Premium, Fishing, Coastal and other Specialist Vessels insurance and Aquaculture products under the Sunderland Marine brand name.
About The North Group:
The North Group is a leading global marine insurer providing P&I, FD&D, war risks, hull and machinery, and ancillary insurance to over 250 million GT of owned and chartered tonnage. Through its Sunderland Marine brand, North also provides cover for fishing vessels, small craft, aquaculture risks and owners’ fixed premium. The S&P Global ‘A’ rated Club is based in Newcastle upon Tyne, UK with regional offices and subsidiaries in Australasia, China (Hong Kong and Shanghai), Greece, Ireland, Japan, Singapore and USA. North is a leading member of the International Group of P&I Clubs (IG), with over 12% of the IG’s owned tonnage. The 13 IG clubs provide liability cover for approximately 90% of the world’s ocean-going tonnage and, as a member of the IG, North protects and promotes the interests of the international shipping industry. For further information, visit: www.nepia.com
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