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 June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Ocean Mineral Singapore Set for Seabed Exploration

Ocean Mineral Singapore Pte. Ltd. (OMS) has received approval from the International Seabed Authority (ISA) on its application for its first seabed exploration licence.

DNV GL Publishes Regulatory Roadmap for Floaters in the US

DNV GL announced it has mapped out what is necessary to be in compliance with U.S. Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in U.S. waters.

Second Typhoon Threatens Taiwan

The Taiwan military was collecting and distributing sandbags to guard against possible flooding on Tuesday as a typhoon bore down on the island after brushing the Philippines.

Finance

Scorpio Tankers: Latest Financial & Ship Delivery News

Scorpio Tankers Inc. says it has updated its stock buyback program; lists its latest new vessel deliveries, and gives the release date of its second quarter 2014 earnings report.

Box Ships Inc. Repays Commerzbank Loan

Greece-based Box Ships Inc. says it has repayed in full the outstanding amount under its loan agreement with Commerzbank AG dated July 29, 2011.  The outstanding amount of the loan,

Aker Philadelphia Shipyard ASA : Purchase of own shares

Aker Philadelphia Shipyard ASA (the "Company") (Oslo: AKPS) has on 21 July 2014 purchased 2,155 shares in the Company on Oslo Axess at an average price of NOK 160.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1155 sec (9 req/sec)