Marine Link
Friday, September 30, 2016

London Underwriters to Host Hull Market Seminar

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 Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News