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NW Assekuranz Launches Permit Challenge Insurance on the German Market

Bremen, 12 September 2023

Nordwest Assekuranzmakler GmbH & Co. KG (NW Assekuranz) introduces the first German policy terms and conditions for permit challenge insurance. Over the past twelve months, they have developed this insurance solution for the German market in cooperation with MX Underwriting Europe, and now exclusively offer permit challenge insurance on the basis of German terms and conditions to their customers in the German market. Projects undertaken by German project developers abroad (in certain countries) can also be insured. This insurance gives project developers, banks, and investors additional security in order to allow them to start putting their projects into practice.

"With this insurance, we again prove our infinite power of innovation in assisting the renewable energies industry. We pick up where others have thrown in the towel," Thomas Haukje, Managing Partner of NW Assekuranz, says. "This extraordinary insurance solution comes from the French and Anglo-Saxon markets. Until now, it has never been available under German insurance terms and conditions," Mr. Haukje proudly adds.

"We purposefully chose NW Assekuranz as our exclusive partner," Jean-Claude Domaingue, Underwriting Director of MX Underwriting Europe, Risk Solutions team and Partner of MX Underwriting, says. "The team at NW Assekuranz has extensive resources and an excellent reputation, allowing them to successfully establish this insurance solution in Germany with us," Jean-Claude Domaingue adds.

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