# Equinor Insurance Equinor Insurance is an Insurance based in Stavanger, Norway. ## Overview - **Organization type:** Insurance - **Headquarters:** Stavanger, Norway - **Region:** Europe - **Address:** Forusbeen 50, NO-4035, Stavanger, Norway - **Founded:** 1985 - **Assets under management:** Undisclosed - **Website:** equinor.com - **LinkedIn:** https://www.equinor.com ## Regulatory record - **Reports private funds:** No ## About Equinor ASA, the Norwegian state-controlled energy company, founded this insurance subsidiary in 1985 to provide dedicated property damage and business interruption coverage for its own industrial operations. Wissam N. is the named Chief Financial Officer, while Eyvind Aven serves as a board member and chairs the risk committee, alongside board member Petter Steen Jr. The firm operates as a 100%-owned captive, interlocked with the parent's risk management function rather than pursuing a third-party commercial book. Equinor Insurance manages a dual investment portfolio directed at supporting its underwriting liabilities. A portfolio of interest-bearing securities ensures claims-paying liquidity, while a separate energy derivatives portfolio allows the firm to hedge the commodity-price and operational risks inherent in its parent's core business. The firm's coverage is tied directly to Equinor's physical footprint, including its commercial real estate at the Stavanger headquarters and the Fornebu office near Oslo. The firm's operations mirror Equinor ASA's geographic and strategic concentration. It has material real estate holdings in two Norwegian commercial properties and maintains a professional team that includes a named CFO and a dedicated board-level risk committee, though total headcount is not disclosed. In its most recent operational posture, Equinor Insurance acts as a pure captive, seen through its sole focus on parent-company assets, its Everen membership for sector risk exchange, and its publicly listed portfolio allocations to fixed income and energy derivatives. Equinor Insurance's structural distinction is its pure captive architecture, fully insulated from the retail and commercial insurance marketplace. Rather than a diversified insurer or a third-party capital manager, its function is to internalize the underwriting cycle for one of the world's largest offshore energy operators. Its board and risk-committee governance sit alongside a narrow mandate, making it a self-contained financing vehicle for known industrial risks. ## Sectors - Energy - Infrastructure - Private Credit ## Offices - Fornebu, Oslo, Norway ## People - Wissam N. — Chief Financial Officer - Eyvind Aven — Board Member, Chair of the Risk Committee - Petter Steen Jr. — Board Member ## Questions ### How is Equinor Insurance related to Equinor ASA? Equinor Insurance AS is a wholly-owned subsidiary of Equinor ASA, the Norwegian energy company. It was established in 1985 to provide property damage and business interruption insurance exclusively for the parent company's assets, including offshore platforms and refineries. ### Who runs investment decisions at Equinor Insurance? The named CFO is Wissam N., who is the executive most directly linked to financial operations, including the management of its interest-bearing securities and energy derivatives portfolios. Eyvind Aven chairs the risk committee, providing board-level oversight of investment and underwriting risk. ### What is the source of Equinor Insurance's capital? Capital originates from the premiums and capital allocations of its sole parent, Equinor ASA. The captured premiums are then invested to form a claims-paying reserve, with no independent external source of capital or third-party business. ## Related profiles - [Equilibrium Wealth Advisors](https://altss.com/profile/equilibrium-wealth-advisors-ewa) - [Equinor Ventures](https://altss.com/profile/equinor-ventures) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/equinor-insurance Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology