Gard (HK) Ltd.
Established in 1997, Gard (HK) Ltd. provides services to shipowners, operators, charterers and other marine business assureds within the Gard Group headquartered in Arendal, Norway. The services include delivering underwriting services of the Gard Group and handling claims and incidents involving damage to cargo, injuries to and loss of life of seamen and passengers, oil pollution, groundings and collisions for members and assureds in Southeast Asia and Mainland China and for other Gard Group assureds for claims and casualties arising in Southeast Asia and Mainland China. The staff includes qualified solicitors and lawyers, claims handlers with expertise in all areas of marine problems including average adjusting and staff delivering underwriting services. The Gard (HK) employees are part of a fourteen office worldwide network of more than 450 employees.Background
Assuranceforeningen Gard was founded in 1907. The establishment of Assuranceforeningen Gard reflected the historical importance of Arendal as a shipping centre, but it was also driven by owners of sailing ships’ reluctance to subsidize the liabilities arising from steam operations. Although Gard’s P&I business has its origins from this period, its marine activities can be traced back to as far as 1867 with the establishment of Æolus, which later became part of the Storebrand group.
With time, the importance of Arendal as a major Norwegian shipping-hub began to wane and also the Second World War took a heavy toll on the Association’s owners. As a result, by 1945, the Gard’s membership had shrunk severely.
In the post-war period, Gard progressively regained its position as a major P&I Club. This development was characterised by two factors, the substantial growth of the Norwegian national fleet between 1950 and 1970, and the increasingly international nature of the membership. While the Association retains its Norwegian identity, it has become a global P&I club, where less than 30% of the current entered tonnage is Norwegian owned or -controlled.
After having managed the marine and energy book of Scandinavian insurer “If P & C Insurance” for more than three years, in October 2003 the shipowner Committee of Assuranceforeningen Gard resolved to purchase this portfolio. The ambition was to create synergies by leveraging the Association’s know-how and scale, and to be able to offer clients a broader scope of products.
Today, with about 15% market share on P&I and 6% on Marine, the Gard group is the largest marine mutual in the world.Senior Management
Mr. Trygve Nøkleby, Managing Director, Gard Hong Kong