Gard completed its $163m acquisition of offshore specialist insurer Codan on Monday, a deal that remains a strong long-term bet despite the US blocking wind farms off its coasts, CEO Rolf Thore Roppestad told TradeWinds.
The Norwegian protection-and-indemnity club announced the deal in July.
However, US President Donald Trump has subsequently ordered a freeze on wind developments, oil giants have cut investments in renewables and Denmark failed to attract any bids for an offshore wind tender in December.
