The non-marine part of the company was founded in 1866 as Voldens Brandsikringsforening , a local fire mutual in Volda. The marine part was founded in 1871 as Aalesunds og Moldes Gjensidige Skibsassuranceforening, a marine mutual serving the fishing fleet in and around Ålesund.
Møretrygd is the result of a number of mergers through the past years. The last mergers were between Nordvest Sjøforsikring Gjensidig and Møretrygd Gjensidig Sjøtrygdelag in 2002 and with the non-marine mutual VBforsikring in 2008. The merger with VBforsikring came as a result of of Møretrygd’s decision to diversify into non-marine insurance.
In 2010 Møretrygd merged with SGS (Sjøtrygdgruppen Mutual Insurance Company) in order to handle the run-off of the company. SGS was the former reinsurance vehicle of the Norwegian coastal mutuals.
Annual gross premiums add up to approximately NOK 180 million (2017) and the equity is over NOK 350 million.
Financial reports in Norwegian and an English summary can be found here.
Legal Entity Identifier (LEI) code: LEI 5967007LIEEXZX9KQ077