WILLIS MARINE

Willis North America Expands Marine Practice

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

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.

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.

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

“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

Katrina, Rita Cost to Oil Industry Rises to Record $17b

Transocean Inc.'s Deepwater Nautilus rig should have spent the last two months drilling for oil and natural gas in 8,000 feet of water in the Gulf of Mexico, earning $220,000 a day. Instead, the vessel sat idle in a Texas shipyard. Workers last week finished the latest round of repairs on the Nautilus after Hurricane Katrina tore the 50,277-ton rig from its moorings and Hurricane Rita grounded it. They also added mooring points to lessen the chance of a repeat

Odyssea Marine Acquires Vessels from AMT Marine

Odyssea Marine, Inc. has purchased five offshore supply vessels from AMT Marine, Inc. based in Larose, La. The five vessels range in length from 150 ft. to 200 ft., are all DP1 classed and include the Darwin John, Andi N. Martin, A.A. Martin, Taylor R. Martin and the Mary Martin, a Bollinger built OSV delivered in August 2006. The vessels operate in the Gulf of Mexico supplying cargo to major and independent oil companies, marine construction firms, as well as support drilling operations

Marine Software Delivers Marine Planned Maintenance System

U.K. based software house Marine Software Ltd has delivered its DNV Type Approved Marine Planned Maintenance System to Saga Shipping for its 580 passenger capacity cruise liner, the MS Sage Rose. Marine Software imported all job descriptions, PM schedule and historical records from Saga Rose’s existing MS-DOS AMOS D system into their Marine Planned Maintenance for Windows system. The vessel was therefore able to continue using their PM system in the new format after only a short interval.

Navy Awards Contract for Auxiliary Cargo and Ammunition Class(T-AKE)

On October 18, 2001, the Naval Sea Systems Command (NAVSEA) announced the award of a $406.9 million competitive contract for the detailed design and construction of the lead ship of the T-AKE Auxiliary Cargo and Ammunition Class to National Steel and Shipbuilding Company (NASSCO) of San Diego, Calif. Major subcontractors are IMECO of Iron Mountain, Mich.; Hopeman Brothers Marine Interiors of Waynesboro, Va.; Alstom Power Conversion Inc. of Philadelphia, Pa.; B.F