Who we are


Our legacy

With a founding dating back to 1916, Codan has a long history in the marine insurance industry. Over the years, we have established ourselves as a leading player in the Nordic region.

Codan Forsikring A/S was established in 1916 by four companies, and in 1940, the company merged with Phoenix Assurance Company Ltd. Later, the group was joined by Fjerde Søforsikring and Hafnia Forsikring, both with substantial marine insurance departments.

  • In 1964, Codan Forsikring A/S was publicly listed.
  • Since 1990, Royal & Sun Alliance has held 71,7 per cent of Codan's share capital, making the UK-based insurer the company's largest stakeholder. Royal & Sun Alliance is rated A- by Standard & Poor.
  • In 1999, the company bought 100% of the Stockholm-based insurance company Trygg-Hansa.
  • In 2000, Codan Forsikring A/S together with Trygg-Hansa, established a marine insurance office in Gothenburg.
  • In 2001, Codan Forsikring A/S established a marine insurance office in Bergen, Norway: Codan Marine Services A/S.
  • In 2001, Codan Forsikring A/S acquired Zurich Marine Stockholm.
  • In 2005, the renewal rights of Top Denmark A/S' marine Portfolio were acquired.
  • In 2007, Codan Forsikring A/S acquired Pohjola Marine Helsinki. The same year the Marine division was rebranded to Codan Marine Services to emphasise the fully Nordic nature of the marine organisation.
  • In 2008, Royal & Sun Alliance changed its name to RSA, simplifying and refreshing the corporate brand. Codan followed suit, and the Marine division now operates under the name Codan in all Nordic countries.
  • In 2010, Codan Forsikring A/S acquired Tryg-Vesta's Nordic marine portfolio.
  • 2022, Codan Denmark including Marine Hull is now a part of Alm. Brand Group.

We will continue to evolve, adapt, and provide marine insurance solutions of the highest standards in the years to come.

"We always receive a friendly and helpful response to questions relating to cover and find the claims handling highly efficient and competent – both are based on open and straightforward dialogue."