Moore Stephens

Moore Stephens Strengthens BI Team in Latin America

Leading accountant and consultant Moore Stephens has recruited insurance analyst Norma Peralta as Operations Manager for Moore Stephens Latin America, based in Panama City. Norma joins Moore Stephens from ProClarity Corporation, the U.S.-headquartered provider of analytical solutions with whom Moore Stephens has a strategic worldwide partnership. Norma's work will involve a range of consultancy, project management, strategic planning, training, sales and demonstration work in connection with Business Intelligence (BI) solutions for the insurance industry.

Moore Stephens Branches Out To Russia

Shipping accountant Moore Stephens has continued its expansion in Russia by opening an office on Sakhalin Island in Russia's Far East. Martin Rix will move from Moore Stephens' Vladivostok office to set up the new facility, while Chris Chasty, a senior shipping partner of Moore Stephens London will be the responsible partner.

Moore Stephens says tonnage tax proposals lack flexibility

Shipping accountant Moore Stephens says draft proposals on the new U.K. tonnage tax regime lack the flexibility shipowners need for timing acquisitions and sales of ships. It also warns that the draft legislation contains a very broad anti-avoidance clause that could cause companies to unintentionally breach the detailed rules of the tonnage tax scheme. Balancing charges will not crystallize on entry. However, they may arise when vessels are sold, although they will be phased out

Walker Joins Moore Stephens

Moore Stephens has appointed Lloyd's insurance market expert Tim Walker a consultant to its insurance and business intelligence team. Walker has extensive experience of international - and particularly Lloyd's - underwriting markets. He was a director of Miller Underwriting Agencies for ten years until starting his own full-time Lloyd's consultancy in 1993, in which capacity he acts as manager to Charles Taylor & Co, managers of The Stop Loss Mutual Insurance Association Ltd.

Moore Stephens Appointed by Sunderland Marine

Moore Stephens Consulting Ltd., has been appointed by Sunderland Marine to implement a Business Intelligence solution on a Microsoft SQL 2000 platform, coupled with the award winning ProClarity analytical software. The project, which is already underway, will help Sunderland Marine to improve control of risks underwritten and monitor key performance indicators. Stephen Downing, Director from Moore Stephens Consulting said

Wages Push Up Operating Costs

Shipping accountant and business consultant Moore Stephens says a five per cent rise in crew wages last year has pushed up total operating costs for most types of ship. Unveiling OpCost 2002, Moore Stephens' operating cost benchmarking tool, Chris Chasty, head of the shipping group, says, "We have been able to see some clear trends in operating costs over last year. Almost all the ship types we cover have seen total costs rise, with the average about five percent

Moore Stephens Says Insurance Industry Must Embrace Business Intelligence

Regulatory developments mean that failure to make proper use of business intelligence systems and actuarial consultancy to assess risk could lead not only to significant financial losses but also to disciplinary penalties for insurance underwriters and brokers, according to leading accountant and consultant Moore Stephens. John Harbor, head of the Moore Stephens Insurance Industry Group, says, "Professional risk analysis and modern data management techniques are

Moore Stephens: Further Consolidation for Insurance Industry

Moore Stephens says that current trends in the UK insurance industry point towards further consolidation and convergence in the underwriting and broking sectors over the next twelve months. In the latest issue of the Moore Stephens’ newsletter Insured Interest, Simon Gallagher, head of the firm’s Insurance Industry Group, says, “Consolidation has been a feature of the insurance industry for some years now, but there may be still some way to go

FMC, Petrobras $80M Subsea Service Contract

FMC Technologies, Inc. (NYSE: FTI) announced that it has signed a subsea service contract with Petrobras (NYSE:PBR) (NYSE:PBRA) . The agreement is effective through 2012 and is expected to result in an additional $80m in revenue to FMC Technologies. FMC's scope of supply includes storage, maintenance, commissioning and offshore services for subsea and topside control systems and drill pipe riser systems. 10. Moore Stephens, AHL merger

UK Budget 2012 Includes Good Signs for Shipping Industry: Moore Stephens

International shipping adviser Moore Stephens said the UK budget for 2012 contains some encouraging signs for the shipping industry. The government has stated that it will consult later this year on whether to introduce a rule allowing companies with a non-sterling functional currency to compute their capital gains and losses in such functional currency, rather than in sterling, as is currently the case.  “This is of particular relevance for UK companies