Hydor, based in Oslo, is an underwriting agency that offers fixed premium P&I, Charterers Liability and FD&:D covers for vessels up to 45,000 gross tons.

In addition to offering P&I and FD&D cover with limits up to USD 1 billion and USD 5 million respectively, Hydor also offers Hull & Machinery, Cargo, and Energy p (for Norwegian domiciled Energy risks) in conjunction with Standard Syndicate 1884 (through to run-off).

Hydor continued successive years’ growth with an increase in annual premium income of 11.5% from USD 17.5 million to USD 19.5 million in 2017. In addition to its strong presence in European insured tonnage, 29% of Hydor’s portfolio originates from Russian, Middle Eastern, and Far Eastern domiciled insureds.

Security is currently provided by Lloyd’s syndicates Markel and AmTrust. AmTrust are currently in run-off and Hydor is therefore in the process of looking to replace this withdrawn capacity. Hydor remains free to quote on ‘new’ and ‘existing’ contracts.