Past performance is no guarantee of future results. Any historical underwriting performance, projected premium income, expected returns, or illustrative financial scenarios may not result in actual future performance.
Investments in insurance underwriting involve risk. Your capital is at risk and is not guaranteed. Loss events may exceed expectations, and catastrophic or unforeseen maritime incidents may result in material losses. There is no assurance that projected margins, loss ratios, or premium growth will be achieved.
Investment in marine cargo insurance underwriting is speculative and involves significant risk. Investors do not directly own insured cargo or insurance contracts. Instead, investors hold an interest in a private special purpose vehicle (SPV) or underwriting vehicle that participates in insurance risk.
Losses may arise from, among other things:
Vessel accidents or total loss
General average claims
Severe weather events
Piracy or war-related incidents
Port disruptions or geopolitical instability
Accumulation of multiple claims from a single catastrophic event
Insurance losses may exceed projected loss ratios. In extreme scenarios, capital impairment may occur.
The user has the right to submit a request for the return of a portion of the initially invested amount after the expiration of 12 (twelve) months from the date the investment was made. The request must be submitted within 7 (seven) calendar days from the date of expiration of the respective one-year investment period.
The maximum amount that may be requested for withdrawal is determined as follows:
after the end of the first year up to 20% of the initially invested amount;
after the end of the second year up to 30% of the initially invested amount;
after the end of the third year up to 50% of the initially invested amount.
The percentages stated above represent the maximum amount that may be requested for withdrawal for the respective period.
If the user does not submit a request within 7 (seven) days after the expiration of the respective investment period, the investment will be automatically renewed for an additional term of 12 (twelve) months under the same conditions.
The requested amount will be paid within up to 3 (three) working days from the date the request is submitted.
Marine insurance is exposed to low-frequency, high-severity events. Multiple insured shipments may be affected by the same incident (e.g., major collision, port explosion, canal blockage, or geopolitical escalation).
Risk modeling and reinsurance strategies aim to mitigate exposure but cannot eliminate systemic or catastrophic risk.
Investments offered by Nordman are private and are not listed on a public exchange. They are intended to be held for the recommended investment period and may be illiquid.
Secondary transfer opportunities, if available, may be limited in timing and subject to platform rules and buyer availability. There is no guarantee that an investor will be able to exit prior to the recommended holding period or sell at a desired price.
Marine insurance and underwriting activities are subject to regulatory frameworks that may change over time. Regulatory developments, capital requirement adjustments, sanctions regimes, or cross-border compliance restrictions may impact operations, profitability, or capital availability.
Government restrictions, international sanctions, or trade limitations may also affect insured voyages and claims outcomes.
Reinsurance arrangements are designed to reduce exposure; however:
Reinsurers may dispute claims
Reinsurance recoveries may be delayed
Counterparty risk may arise if a reinsurer becomes insolvent
There is no assurance that reinsurance protection will fully cover large-scale losses.
Operational risks include system failures, underwriting errors, data inaccuracies, cyber threats, or third-party service provider disruptions. While controls are in place, no system can eliminate operational risk entirely.
Nordman operates a marine insurance investment platform and administers private underwriting vehicles. Nordman is not an investment advisor and does not provide investment, legal, tax, or financial advice.
Investors must conduct their own due diligence and, where appropriate, consult with independent professional advisors before investing.
In evaluating underwriting opportunities, Nordman may rely on data provided by third parties, including shipping analytics providers, risk modeling firms, and market intelligence sources. While such information is believed to be reliable, its accuracy and completeness cannot be guaranteed.