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
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
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.
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
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.
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
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.
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
Automated Technology Provides Lab-Quality Fluids Analysis On Board and In Minutes Privately held, American-based On-Site Analysis, Inc. (OSA), a manufacturer of high-tech, on-premise, automated fluids analysis equipment, has now expanded into the maritime industry with the introduction of the OBA ShipCheck, an on-board analyzer. With a physical footprint of just four square feet and weighing only 95 pounds, and using the same ASTM methods as outside labs
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.
A 97.5m truss-legged liftboat designed by A. K. Suda (SUDA) has been completed and is being delivered to its owner, following on the heels of a 91.5m truss leg liftboat delivered earlier this year. Built by Triyards Marine for Swissco Offshore
The Company: R.W. Fernstrum & Company set the standard in marine heat exchangers over 65 years ago, building a reputation focused on innovation. Today, its commitment is to continual improvement, ensuring that customers have quality, reliability
Some 50,000 trade visitors from the whole of the world are expected in Hamburg for the start of SMM in less than two weeks. And once again, it is fully booked – with a total of more than 2,150 exhibitors from 67 countries, presenting their most innovative products and services
The Company: Bernard P. McDonough created the company in 1945 by leasing barges from his construction company into the marketplace. Through a series of new and used barge additions, McDonough forged his company, expanding from the Ohio River to the Gulf of Mexico and eventually to the East Coast
Danish producer Tuco Marine said it will reveal a new Arctic workboat daughter craft at next month’s SMM in Hamburg. Many arctic patrol vessels, icebrakers and polar research vessels are currently under development and construction worldwide
Naval architect and marine engineering company Foreship has created a wholly-owned subsidiary located in Tallinn to strengthen ties with shipowners, shipyards and marine equipment suppliers in Estonia, and support the development of locally-based design skills.
The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution into the maritime industry found UA developing industry specific solutions for marine clients
Commissioner William P. Doyle of the U.S. Federal Maritime Commission today voted in favor of requesting additional information from The Ocean Alliance parties. The Request for Additional Information (RFAI) effectively stops the clock on the agreement until such time as the filing parties
The Company: All American Marine Inc. was founded in 1987 and specializes in the construction of custom tailored aluminum boats from 30 to 150 feet LOA. Today, the company has become a leading builder of high speed passenger catamarans, survey craft, and research vessels
The Company: Founded in 1979, Reintjes GmbH is an independent propulsion technology company that manufactures thousands of gearboxes annually. More than 90,000 units have been supplied to customers worldwide. Over time, Reintjes has expanded its product portfolio of marine gearboxes for engine
Lucas Marine is partnering with Harbor Breeze Corporation to help reduce the yacht charter and cruise company's fuel costs, maintenance and environmental impact in Los Angeles and Long Beach Harbors. Harbor Breeze is one of the largest yacht charter and cruise companies operating within
Onboard and ashore, IoT application services, which rely on ships’ onboard equipment data, have become increasingly prevalent throughout the maritime industry. Japan Ship Machinery & Equipment Association’s (JSMEA) Smart Ship concept utilizes IoT application services to achieve
The Company: A leading US maritime consultancy established in 1996, SMSLLC provides practical risk mitigation solutions for vessel operators and stakeholders. Clients include a broad range of operators including Genesis Marine, American River Transportation Company, Seabulk Towing
Marine communications specialist Ocean Signal and VDR manufacturer AMI Marine will introduce a new float-free EPIRB with integrated voyage data recorder (VDR) memory capsule at this year’s SMM in Hamburg. The Ocean Signal E101V provides a reliable and innovative solution for commercial
iNavX, the benchmark marine navigation mobile application, in partnership with Fugawi X-Traverse, today launched its chart and map in-app purchase program. Now enabled with one-touch purchase and download, iNavX gives boaters the most streamlined access to the broadest set of marine charts and