Femern A/S requires insurance services related to the construction of the Fehmarnbelt Fixed Link comprising:
Lot 1: Construction ‘All Risks’ and Third Party Liability Insurance;
Lot 2: Excess Third Party Liability Insurance.
The owner has completed a separate procedure calling for tenders from lead insurers for each lot. The lead insurers who were awarded the contracts on each lot are:
Lot 1: SCOR Europe SE (32,5 % capacity);
Lot 2: Chubb European Group SE (30 % capacity).
However, it is noted that the standstill period in the abovementioned tender procedure is still running.
This procurement calls for co-insurers to support the lead insurers. Note that multiple co-insurers will be awarded the contract/share of the Policy on each lot.
The Fehmarnbelt Fixed Link Project will traverse the 18 km distance across the Fehmarnbelt between Lolland in Denmark and Puttgarden in northern Germany. The works covered by the Policy have an estimated value of 5 379 000 000 EUR.