D E D I C A T E D I N S U R A N C E
C O M P A N Y
is a mutual insurance company with head office in Ålesund. The company was
originally founded in 1871 as Aalesunds og Moldes Gjensidige
Skibsassuranceforening, a marine mutual serving the fishing fleet in and around
Ålesund. The non-marine part of the company was founded in 1866 as Volda
the result of a number of mergers through the past years. The last mergers
were between Nordvest Sjøforsikring Gjensidig and Møretrygd Gjensidig
Sjøtrygdelag in 2002 and with the non-marine mutual VBforsikring in 2008.
The merger with VBforsikring was a part of
Møretrygd's strategy of
diversification into non-marine insurance.
Møretrygd merged with SGS (Sjøtrygdgruppen Mutual Insurance Company), the former
reinsurance vehicle of the Norwegian coastal mutuals. This will have
effect on the company's operation, as SGS was in run off with no "live"
insurance policies at the time of the merger.
premiums add up to approximately NOK 130 million (2011) and the equity is NOK 273
and an English summary can be found
Reg. no. NO 838