Howden launches Marine & Energy business in Norway
13 April 2023
Frode Lund to drive growth of new initiative across the Nordic region
London 13th April 2023 - Howden, the international insurance broker, announces today the launch of its Marine & Energy business in Norway. The new initiative will be led by Frode Lund, who will assume the position from 1st August 2023. It underscores Howden’s ambitious growth strategy in the region, which has already seen it take a leading position in power and renewables, and represents a significant investment in one of the world’s leading marine and energy markets.
Trading as Howden Norway & Marine Energy AS, the business will form part of the local Howden broking operations, and will work closely with Howden’s international Marine & Energy Specialty teams.
Lund will join from Willis Towers Watson (WTW) once his contractual obligations have been fulfilled. His current role is Executive Director Marine & Energy (Oil & Gas), WTW. Prior to this, he was based in Dubai as their Regional Practice Leader, Marine.
Howden established its operations in Norway in 2013 and has since expanded its headcount to 50 employees in Oslo and Bergen through organic growth and selective acquisitions. The initiative will further boost Howden’s local presence and strengthen its capabilities across the region.
Anders Kvan, CEO, Howden Norway, said: “We are delighted to welcome Frode Lund to Howden Norway and to launch our Marine & Energy offering. Operating in the region for a decade, Howden has grown into a leading onshore energy broker with a significant presence in Oslo and Bergen. The establishment of a Marine & Energy business, led by seasoned industry specialist Frode, will further enhance our current capabilities and provide value-added services, particularly in the fast growing energy transition and renewables sector.”
Daniel Whiteside, Managing Director and Global Head of Marine, Howden commented: "As part of Howden’s global growth strategy for our Marine & Energy capabilities, establishing a business in Norway was a logical next step. Utilising the significant expertise we possess, and with the support of Frode, we will continue to provide clients with a tailored and high quality experience.
Luigi Sturani, CEO, Howden Europe, added: “Howden continues to strengthen its position as one of the leading brokers in Europe, capable of providing scale, expertise and bespoke solutions to clients. The success of our European operations in Marine & Energy highlights the growing need for alternative, on-the-ground solutions and with our ability to attract and retain the best local talent, we continue to build on our ambition to become the broker of choice in Europe.”