EnergyWatch

Codan chases new winds in Asia

In its pursuit of business growth within offshore wind farm insurance, Danish insurance company Codan has turn its gaze eastward. The company is the world's largest insurer of offshore wind energy, although it must prepare itself a world outside the familiar North Sea involving different legislation and new cooperation partners.

Photo: Gemini Wind Park

Codan has long insured offshore wind farms in Danish and European waters. Similar to the wind energy industry, the company's growth prospects lie in regions where wind technology has not yet experienced a break through.

Along with its parent company, British RSA Group, Codan is the world's largest insurer of wind farms and is now looking east.

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