American Club Announces New Appointments
Dr William H Moore will shortly be joining Shipowners Claims Bureau Inc. (SCB), managers of the American P&I Club, to take charge of its growing technical, safety and loss prevention activities. Dr Moore joins SCB from the Bergen office of Gard Services AS, where, as a vice president, he has had responsibility for the loss prevention, risk assessment and technical services of Gard’s substantial P&I and hull/machinery portfolios. An American, Dr Moore, 41, holds a doctorate in engineering, naval architecture and offshore engineering from the University of California at Berkeley, together with a master’s degree from the Massachusetts Institute of Technology.
State of the P&I Market: As Stocks Drop, Rates Will Rise
The 13 P&I Clubs within the International Group continue to dominate the world market for shipowners' liability insurance despite increasing competition in recent years from fixed premium facilities. The development of the fixed premium market and, in particular, the rapid growth of the P&I account of the marine and energy syndicate 329 at Lloyd's led by Jonathan Jones, served to increase pressure on premium rating in recent years. However, syndicate 329 is now in run-off, its capital providers having withdrawn support, and its P&I account, which was transferred to British Marine, an old-established P&I and hull club for small ships and offshore craft…
State of the P&I Market: As Stocks Drop, Rates Will Rise
The 13 P&I Clubs within the International Group continue to dominate the world market for shipowners' liability insurance despite increasing competition in recent years from fixed premium facilities. The development of the fixed premium market and, in particular, the rapid growth of the P&I account of the marine and energy syndicate 329 at Lloyd's led by Jonathan Jones, served to increase pressure on premium rating in recent years. However, syndicate 329 is now in run-off, its capital providers having withdrawn support, and its P&I account, which was transferred to British Marine, an old-established P&I and hull club for small ships and offshore craft…
