Who we are

Our Nordic Legacy

Codan Forsikring A/S was established in 1916 by four different companies. 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).

  • Codan Forsikring A/S was publicly listed in 1964.
  • Since 1990, Royal & SunAlliance has held 71,7 per cent of Codan's share capital, making the UK-based insurer the company's largest stakeholder. Royal & SunAlliance 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 AS' 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 help emphasiste this complete Nordic marine organsiation.
  • In 2008 Royal & Sun Alliance changed name to RSA, simplified and refreshed the corporate brand. So did Codan and the Marine division is now working under the name Codan in all Nordic countries.
  • In 2010, Codan Forsikring A/S acquired Tryg-Vesta's Nordic marine portfolio.

Since 2007 RSA has owned 100% of Codan & Trygg-Hansa

Codan part of RSA Group

Codan’s Nordic Marine portfolio is part of the wider RSA Group, one of the world's largest and leading general insurers with 19,000 employees and with one of the industry’s largest networks of offices and partners providing access to approximately 140 countries.
For our portfolio of over 700 Marine Hull clients across the Nordic and International markets that means we are well represented and can help them our Clients all over the world and also benefit from the competence and knowledge within the Group to support them in the best possible way and pursuit deliver best in class performance service.

By partnering with RSA, we capitalise on a combined rich legacy of both brands, and the strength and value of a global brand whilst offering local knowledge, autonomy and highly technical experience which makes our work with our Nordic Marine insurance policies clients even better, stronger and more efficient.

You can visit RSA's website at www.rsagroup.com

Our Vision

We strive to be the most innovative provider of marine insurance products and services in the Nordic region, with a dedicated, competent and proactive team that creates value by working in partnership with the maritime industry.

Sweet spots

Examples of where we have a particularly strong appetite, are actively targeting, and have been found to be at our most competitive.

Core appetite:

  • Bulk carriers
  • Container
  • Dredges
  • Ferries, RoRo, RoPax
  • Fishing vessels and fish farms
  • General cargo vessels
  • High speed crafts
  • Offshore, Supply, Research
  • Supply and crew transfer
  • Vehicle carriers
  • Tankers - oil, gas, chemicals
  • Tugs, work boats and barges


Codan Marine / Who we are