XL Group’s Ocean Marine Unit Expands Brown Water Business

(Press Release)
Friday, March 23, 2012

XL Group plc’s North American Marine business has boosted its underwriting expertise with the addition of Chris Cooke who has joined as Vice President, Hull and Liabilities. 

According to Richard DeSimone, President of XL Group’s North American Marine business, “We are very pleased to have Chris join our team as we look to expand our Brown Water Hull, P&I and Primary Marine Liability capabilities.  XL has long been a market leader in Excess Marine Liabilities, and we believe that extending our reach into these lines of business will help us address more of our clients’ coverage needs.”
“Over the last year, we’ve expanded our underwriting team to trading hubs in Cleveland, Baltimore, Richmond and Atlanta along with existing operations in New York putting us in closer proximity to our clients. Part of that expansion is developing additional coverages that will allow us to address even more of our clients’ risk management needs,” explained Mr. DeSimone.  
Cooke previously worked at Travelers, where he was the National Hull and Liabilities Practice Leader.  Among his primary responsibilities were the development of policy forms, underwriting manuals, procedures, and initiatives to drive growth in Hull, P&I, Marine Liabilities, Marine Professional Liability and Excess Liabilities. He started his career with MOAC/Continental where he worked in both field and Home Office positions in the Hull & Liabilities and Excess departments. He also ran the Marine Department in Hong Kong for two years working with MOAC/Continental-owned Lombard General Insurance. A graduate of SUNY Maritime College, where he earned a USCG Third Mates License, Mr. Cooke is also a Lieutenant with the NY Fire Department. 

Maritime Today


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

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

People & Company News

Brown Named Bureau Veritas Communications Director

Nick Brown has been appointed Bureau Veritas’ new Communications Director, Marine & Offshore Division, the classification society announced.    Brown will take up the post from November 2,

Shipping Must Disclose or Risk Being Exposed - Moore Stephens

International accountant and shipping adviser Moore Stephens says the shipping industry must adopt a transparent, proactive approach to corporate governance or

No Clues on Hanjin's Financial Health

Cash-strapped Hanjin Shipping Co. sources say that the negotiations with tonnage providers for lower rates are undergoing, but wouldn't say much else.   According to Korea Herald, the country's No.

Finance

Asia Dry Bulk-Capesize Steady as Owners Spurn Low Rates

Owners anchoring ships rather than fix at low rates. W. Australia-China capesize rates hit over two-month low. Freight rates for large capesize dry cargo ships

Scorpio Bulkers books Net Loss

USA-Monaco based bulk carrier Scorpio Bulkers has reported a loss of $24.7 million in its second quarter of 2016, pushing the carrier's deficit up to $ 83 million.

Diana Containerships in Red, Suspends Dividend

Greece-based Diana Containerships Inc. has reported a second-quarter loss of $8 million, after reporting a profit in the same period a year earlier.   The shipping

Insurance

Panama Canal: Assessing the Risk & Reward

The Panama Canal’s impact on shipping routes and vessel sizes since it opened in 1914 is undisputed. This will continue with the opening of a third channel for larger vessels in 2016.

How to Avoid Claims for Self-cooking Cargo

North P&I Club has advised its members to be extra vigilant during loading and transport of soya beans to ensure they do not get blamed for cargoes that start ‘cooking’ at sea.

ABS Advisory Solutions Integrate ERM

ABS Group anticipated the update to Circular A-123 from the United States (US) Office of Management and Budget (OMB) requiring US executive departments and agencies

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Winch
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: 0.0845 sec (12 req/sec)