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WILLIS MARINE

Willis North America Expands Marine Practice

Francesca Skyes

Insurance Broker will Deliver Expertise to Maritime and Cargo Industries in Eastern Virginia and Mid-Atlantic Region. Willis North America, a unit of Willis Group Holdings, the global insurance broker with operations in Virginia, has announced two key appointments to strengthen its Marine Practice and drive growth across the region.     Willis is a leading insurance broker that provides risk management and employee benefit solutions across a wide range of industries. With more than 2,800 clients and 400 dedicated marine professionals worldwide, Willis is one of the most trusted names in marine insurance, with expertise in hull, cargo and general marine liabilities. Willis of Virginia, Inc., which is headquartered in Richmond, includes approximately 100 Associates with additional offices in Norfolk and Reston. Jeremy Sykes and Francesca Sykes have been appointed Client Advocates of the Willis Marine Practice, Willis of Virginia. They will be responsible for business development within the Marine Practice. Mr. Sykes and Ms. Sykes will also work to expand Willis’ footprint in the Virginia marketplace and align the company’s global resources to deliver outstanding risk management services to firms in the Marine industry. Commenting on these appointments,  HB Whitmore, Managing Partner, Willis of Virginia said


Marine Insurance Brokerage Makes Key Appointments

Willis North America, a unit of Willis Group Holdings, the global insurance broker with operations in Virginia, appoints two Client Advocates. Jeremy Sykes and Francesca Sykes have been appointed Client Advocates of the Willis Marine Practice, Willis of Virginia. They will be responsible for business development within the Marine Practice. Mr. Sykes and Ms. Sykes will also work to expand Willis’ footprint in the Virginia marketplace and align the company’s global resources


Engstrom is Named Willis' Seattle CEO

Willis has named Chris Engstrom CEO of its Seattle office, one of the global insurance broker's leading U.S. operations. Engstrom brings tremendous local market knowledge and 16 years of insurance industry experience. He previously served as senior vice president for Wagle Insurance Companies in Seattle.


“Perfect Storm” Results in Most Challenging P&I Renewal

The upcoming Protection and Indemnity (P&I) renewal is poised to be the most challenging in a decade as a result of difficult economic conditions for ship operators, poor underwriting results and some of the largest claims in history, according to Willis Global Marine, a division of Willis Group Holdings plc (WSH:NYSE), the global insurance broker, in its annual P&I Market Review. The P&I market results last year (2011/12) showed a 13% increase in incurred claims, a 5


AEU Announce Addition to Staff

Andrea Mills (Photo: AEU)

Mike Lapeyrouse, President and CEO of The American Equity Underwriters (AEU) said that Andrea Mills has joined the AEU staff effective May 6, 2013. Andrea has been a broker for 25 years and for the last eight years has served as Vice President, Client Advocate at Willis – Mobile. She joins AEU as Senior Vice President – Director of Strategic Business Development. www.amequity.com  


New Maritime Cargo Insurance – 'Undercover'

File image

Willis Group Holdings has launched a new insurance facility, called Undercover, to protect cargo in transit and in store against all types of political violence, terrorism and war risks, informs shipping trade association Maritime London. The global risk adviser, insurance and reinsurance broker says that, in recent years, cargo losses worth more than one hundred million dollars have not been recovered under traditional cargo insurance policies due to critical exposures being excluded.


Marine Industry Continues To Suffer From September 11

Still more than five months later, the maritime industry continues to feel the effects from the terrorist attacks on America, as the events of September 11 have accelerated hardening market conditions in the marine sector. Prior to September, capital providers were beginning to force the upward trend of the cycle. This trend was underpinned with some withdrawal of capacity and reduction in the overall number of players through mergers or withdrawal from the class.


This Day in U.S. Coast Guard History – January 21

1881- The light was first shown at Tillamook Lighthouse, located 19 miles south of the Columbia River entrance. 1897- Secretary of Treasury empowered to bestow life-saving medals. 1969-CGC Point Banks while on patrol south of Cam Rahn Bay received a call for help from a nine-man ARVN detachment trapped by two Vietcong platoons.  Petty Officers Willis Goff and Larry Villareal took a 14-foot Boston whaler ashore to rescue the ARVN troops


Offshore Equipment Firm Acquisition by Forum Energy

Houston-based Forum Energy Technologies agrees to acquire Blohm + Voss Oil Tools from STAR Capital Partners Limited (STAR), a London based private equity firm. Completion of the transaction is subject to certain customary closing conditions.  Further details of the transaction were not disclosed. With locations in Hamburg, Germany and Willis, Texas, Blohm + Voss Oil Tools manufactures a comprehensive range of pipe handling equipment used on offshore and onshore drilling rigs. 


London International Shipping Week Kicks Off

Red Ensign: Image courtesy of Maritime UK

Maritime UK welcomes leaders from across the global shipping, ports and maritime business services sectors to the inaugural London International Shipping Week from 9, September 2013. Through the week, Maritime UK will be covering all the major stories, announcements and events. On Monday morning it will publish the results of an extensive survey of UK industry leaders, saying what they think of the UK economy and its competitiveness. 


Strategic Marine: Stock Program Full Power Ahead

Photo: Strategic Marine

Strategic Marine confirmed its stock program of personnel transport vessels is market-ready.  “Our stock program currently incorporates two class leading designs which are in high demand through its wide deployment capabilities and operating envelope,” said Reece Newbold


Tanker Retrofitted with Dual Fuel Engine

Fure West (Image: Caterpillar Marine)

Caterpillar Marine informs it has begin a dual fuel engine retrofit conversion onboard the 472-foot Fure West tanker, owned by Furetank Rederi A/B. The MaK M 43 C diesel engine onboard the tanker will be retrofitted in hull to the seven-cylinder M 46 dual fuel platform


TSB Investigating Ferry, Pleasure Craft Collision

The Transportation Safety Board of Canada (TSB) is deploying a team of investigators to Laval, Quebec, following a collision between the ferry Paule II and a pleasure craft which occurred on August 1. The TSB will gather information and assess the occurrences.  


GE Gas Turbines to Power US Navy’s New Destroyers

DDG destroyer (Photo: GE Marine)

The U.S. Navy’s new DDG 121 and DDG 122 Arleigh Burke-class destroyers will be powered by eight LM2500 marine gas turbines supplied by GE Marine, who also received a five-year extension on its requirements contract for the DDG 51 program.  


AEU Presents Safety Awards

Left to right: Jimmy Burgin, AEU; Pat O’Driscoll, Levin Enterprises, Inc.; Randy Rader, RBT Welders, LLC; Nichole DeGidio, 1st Flagship, Inc.; Simon Lee, Keppel AmFELS LLC; Gus Cagigas, Diversified Port Holdings, LLC; Steve White, McGriff Seibels & Williams, broker for Linea Peninsular, Inc.; and Mike Lapeyrouse, AEU

The American Equity Underwriters, Inc. (AEU) presented its 2014 Safety Awards at the annual American Longshore Mutual Association, Ltd. (ALMA) Conference on July 19, 2015, in Key Biscayne, Fla.   AEU, which provides solutions for workers’ compensation coverage under the Longshore and


Thai Navy Lobbies for More Submarines

Adm. Narong Pipathanasai, CinC,RTN opens the new submarine squadron headquaters in Sattahip Naval base. Photo: Naval Secretariate Department

The Royal Thai Navy claims it urgently needs more submarines to compete with other Asian countries.   The assistant commander made the claim aimed at persuading a skeptical public that the nation should invest in its military in a white paper sent to reporters, the Bangkok Post reported.


DryShips Reaches Agreement with Ocean Rig

DryShips.jpg

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services, announced the following: It has reached an agreement with Ocean Rig UDW Inc


WKCTC to Host Open House for ILM Institute

ILMI Bldg

  West Kentucky Community and Technical College will host an open house and ribbon cutting for the Inland Logistics and Marine Institute August 10 from 4 ­– 6 p.m. at 631 Marine Way in downtown Paducah. The event will highlight the completion of the 8


USCG Investigate Tar Balls at Makaha Beach

Report by beachgoers of tar balls on the beach in Makaha on Oahu, Hawaii is being looked into

  The Coast Guard is investigating a report made July 29, 2015, by beachgoers of tar balls on the beach in Makaha on Oahu, Hawaii. Coast Guard Sector Honolulu incident management personnel walked the beaches and found tar balls up to an inch in size scattered along a 1


Missing Person Rescued Near Brackettville

Border Patrol Agents, CBP Office of Air and Marine Rescue Missing Person Near Brackettville

  On July 31, Border Patrol Search Trauma and Rescue (BORSTAR) agents and CBP Office of Air and Marine rescued a man who was reported missing the previous morning. “Beyond our daily enforcement duties, we also have a responsibility to assist those in distress and our local


NMDC Breaks Several Records on New Suez Canal Project

Official countdown to New Suez Canal. Photo: Suez Canal Authority

 UAE dredging and marine construction firm National Marine Dredging Company (NMDC) has announced the completion of the New Suez Canal project.   The $8bn (£5bn) project had been projected to take three years but on the orders of the president, Abdel Fatah al-Sisi


Polarcus Secures New Contract

Polarcus Alima. Photo by Polarcus DMCC

 Polarcus Limited sign a new contract with an unnamed client in terms of a marine 3D seismic project where Polarcus' Right Band technique used  for broadband data acquisition.   It is stated in a stock exchange release. The project


Mingde Heavy is Bankrupt

Photo: Nantong Mingde Heavy Industry

 Nantong’s Tongzhou District People’s Court has put an end to the restructuring appeal by debt-ridden Nantong Mingde Heavy Industry, and officially declared it bankrupt.    A  a request by Mingde to extend the submission of its restructuring plan


Strategic Marine’s Stock Program Full Power Ahead

StratCat26 CTV

  Strategic Marine, the specialist shipbuilder and fabricator, has confirmed its stock program of personnel transport vessels is market-ready. “Our stock program currently incorporates two class leading designs which are in high demand through its wide deployment capabilities and


Canada's First LNG Ferry Launches with Bestobell Valves

Bestobell Valves is celebrating supplying cryogenic valves to Canada’s first LNG-fuelled ferry – the MV Armand-Imbeau II, which has recently been launched.   It is the first of two dual fuel ferries being built for ferry operator Société des Traversiers du






 
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