Insurer Targets Growth in Offshore Sector

Monday, August 22, 2011

The Shipowners’ Club recently announced measures to reorganise its London branch.  This included the setting up of two internal syndicates, bringing together both underwriters and claims handlers specialising in specific geographical regions; a third syndicate will focus on the offshore sector.  Providing liability insurance to the vast array of offshore and platform support vessels, from anchor handlers, tugs and workboats to the fast crew boats employed in the energy industry, already forms a prominent part of the Club’s portfolio.  Shipowners plans to develop its reach to owners and brokers of this vessel type even further.

Charles Hume, Chief Executive of the Club comments, “The syndicate concept is one that we believe will ensure the Club’s high service levels are maintained and indeed enhanced.   We recognise that our membership in the offshore sector represents a key element of our overall business.  We expect this specialist syndicate to provide both outstanding service to existing Members and to further develop our market share in this area, which demands significant expertise.”

The Offshore Syndicate will be headed by William Tobin as Underwriting Manager, with Helen Todd as his deputy and Jonathan Clark as Claims Manager, all three having a wealth of experience in handling offshore business. They will be supported by a team of underwriters and claims handlers, many with legal experience, who will be ready to respond to all enquiries which often include the urgent assessment of contracts, an ever-increasing demand from this industry sector.

William Tobin explains the thinking behind the move, “We have merged the underwriting and claims teams working with offshore Members in order to deliver the most relevant, and at the same time widest possible, specialist cover for vessel owners in this sector.  The move will also enable us to create close and productive relationships with the broker community. 

We always recognise the importance of finding tailored insurance cover and service packages.  In the case of our offshore Members, contract review is a vital part of our service. Detailed review enables us to ensure that the cover we provide can match Members’ contractual liabilities.”

The enhanced focus provided by the Offshore Syndicate is in line with the Club’s strategy to strengthen relations with Members and brokers alike and learn from them what more the Club can do to develop any additional insurance products they would like to see. .  This is underpinned by an existing, systematic and focussed development of simplified insurance products in response to Member and broker demand.

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

USCG Reopens Key West Ports After Erika Dissipates

Effective 9:30 a.m., Saturday, Capt. Jeffrey Janszen, Coast Guard Captain of the Port, reopened Key West, Florida, ports, terminals and facilities due to Tropical Storm Erika dissipating.

MN 100: Bordelon Marine

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The

Migrant Boat Sinks off Libya; 200 Feared Dead

A boat packed with mainly African migrants bound for Italy sank off the Libyan coast on Thursday and officials said up to 200 might have died. A security official in the western town of Zuwara,

Finance

TASI Acquires SignalFire Telemetry

TASI HOLDINGS INC. announced today it has completed the acquisition of all shares of SignalFire Telemetry, located in Hudson, Massachusetts.  This new acquisition

DP World Profit Up 22%

Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015,

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators 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: 0.3105 sec (3 req/sec)