London Underwriters to Host Hull Market Seminar

Wednesday, May 29, 2002
Underwriters from the hull insurance market in London will hold a seminar in Greece later this year to debate issues of current interest to shipowners and insurers. In recent years, Lloyd's Underwriters Association has hosted a reception at the Piraeus Yacht Club during the week of the Posidonia exhibition and congress. This year, however, Lloyd's Market Association and the International Underwriting Association of London (IUA), under the auspices of the London Joint Hull Committee, have instead combined to host the seminar, which will take place either in October or November. This departure from custom reflects a feeling by London hull underwriters that a dedicated seminar is a more effective and worthwhile deployment of resources at what is a very difficult time for the international marine industries. It also underlines the strong spirit of co-operation and unity which exists between the Lloyd's and company hull underwriting markets in London. There will still be a strong London insurance market presence in Athens and Piraeus during Posidonia week. The IUA has a stand in the exhibition hall in the Maritime London pavilion, and a number of London underwriters will also be attending the biennial event. Simon Beale, chairman of the Joint Hull Committee in London, explains, "The decision to forgo the traditional LUA reception this year was not taken lightly. The London market is committed to the Greek shipping industry, but in these difficult times for both underwriters and their clients it is felt inappropriate to hold a social function during the week of Posidonia. However, holding a seminar for the Greek shipping community later in the year reflects a desire to underline that commitment in what is considered to be a more appropriate and effective way."

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Russian Shipbuilder Wins $1 bln Iran Oil Rig Deal

Russian shipbuilder Krasnye Barrikady has been awarded a near-$1 billion contract by Iran to build five offshore drilling rigs for use on Iran's part of the Gulf shelf,

General Dynamics Bags $ 47 mi US Navy Contract

General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), was awarded a contract to provide information technology services and security

Phaethon Takes Diana Panamax on Timecharter

Phaethon International has chartered a panamax bulk carrier Which is owned by the Greek shipping Diana Shipping on for up to eight months with a daily rate of US $ 5,

Finance

China Shipbuilding Plans Major Restructuring

State-owned China Shipbuilding Industry Corp (CSIC) is undertaking a major restructuring as it grapples with an industry downturn, and it will be the largest restructuring

DSME Reveals Additional Self-Restructuring Plan

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has  revealed an additional self-restructuring plan amid the falling shipbuilding orders.

Sovcomflot IPO Soon

The long-awaited initial public offering (IPO) of Sovcomflot, which runs one of the world’s largest tanker and gas carrier fleets, has moved a step closer.    Economy

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0701 sec (14 req/sec)