Thuraya Appoints Vice President of Marketing
Thuraya Telecommunications Company has announced the appointment of Mr. T. Sanford Jewett as their new Vice President, Marketing. Mr. Jewett brings his expertise in international markets to Thuraya and will play a major role in leading the expansion of Thuraya’s global marketing strategies. Sanford has over 25 years of experience in the wireless, internet and satellite industries. His experience includes an extensive focus on introducing technology companies into new markets. Before joining Thuraya, Mr.
Inmarsat Unveils Fleet F77 at Europort 2001
Inmarsat Ltd, the global mobile satellite communications provider unveiled the first product in its Inmarsat Fleet portfolio, Fleet F77 at Europort 2001. family of three, Fleet F77 offers a unique new Mobile ISDN and Mobile Packet Data service for the maritime community delivering voice, fax and data services at speeds of up to 64 kbit/s. maritime distress and safety system (GMDSS) safety standard. With Fleet F77, maritime users will have the flexibility to choose the most cost-efficient two-way communications service for their varying data requirements. The mobile packet data service is a unique maritime solution, charging users only for the data they send and receive, not the time they are connected.
Inmarsat: F77 Extends Offerings
Inmarsat, the original mobile satcom provider for the maritime industry, has been riding the crest of a wave recently, with users at an all-time high, overall 99.9 per cent satellite reliability and the launch of its Fleet F77, Mobile ISDN and Mobile Packet Data services for the maritime community. Ruth Ling reports on what's new and what lies on the horizon. Twenty years ago, a revolution hit the maritime industry. Satellite communications became available to ships at sea. Back in 1982, when Inmarsat began offering onboard satellite communications, its first and only system was Inmarsat A, which offered voice, facsimile, telex and data services. After nine years of successful service and expansion into most maritime sectors, Inmarsat began offering Inmarsat C.
Telenor Selected as Premier Provider
Telenor Satellite Services was chosen as a premier service provider of the next generation of mobile satellite communications, Inmarsat's Broadband Global Area Network (BGAN). BGAN, currently planned for commercial launch in 2005, will offer high-speed circuit-switched and packet data services, plus voice telephony, via a portfolio of small, lightweight user terminals. The enhanced capabilities of the BGAN system are made possible through a new generation of satellites, known as Inmarsat 4, the first of which was successfully launched in March 2005, and is now being prepared to begin service. The Inmarsat 4 generation of satellites will be the most powerful communication satellites ever launched by any commercial organization.
Moore Stephens: P&I Premium Increases are Justified
In most cases, the increased premiums which shipowners are being asked to pay by their P&I clubs are justified, and are a vital factor in maintaining a solvent marine mutual market, according to Michael Butler, an insurance partner at leading business adviser and accountant, Moore Stephens. Writing in the latest issue of the Moore Stephens shipping newsletter, Bottom Line, Butler says, “The arguments advanced in favour of lower increases – or no increases at all – encompass everything from a buoyant shipping industry to a recovering investment market. This year, in addition, they include the argument that, since most clubs are satisfied that they are well-placed to meet the risk-based Solvency II capital adequacy regime introduced in the UK by the Financial Services Authority…
Moore Stephens: Insurance Industry Must Prepare for IASs
financial reporting for publicly traded companies in the EU will mean that the insurance industry will have to develop a much sharper focus on actuarial processes and claims run-off projections. The IASs are due to be introduced in the EU during 2005. been gestating since 1997. potential source of problems for non-life insurers. outstanding claims liabilities and settlement patterns. MVMs are to be calculated. different classes of insurance. some non-life insurers. recorded and recognized at the time a contract is written. underwriting results from the year of contract inception. business. products will need to be re-examined. accounting standards.
Moore Stephens: Brokers Must be Ready
Accountant and consultant Moore Stephens has warned that U.K. by the Financial Services Authority (FSA). come into force in October 2004. answers are expected to emerge over the coming months. which went before it. of customers, standards for claims handling, and complaints. regime. that they are well-prepared to meet the FSA's demands. onerous burden of regulatory compliance and risk management preparedness. conduct their business. The time to act is now.
