American Club Rings in Posidonia 2014

By Eric Haun
Friday, May 30, 2014
Stuart Todd

Top underwriter says his farewells to Greece

The American Club held its traditional party on the evening of Thursday, May 29 to mark the start of Posidonia week. More than 600 guests from the club’s expanding Greek membership, as well as club directors and representatives from the Greek maritime industry, attended a buffet reception on the rooftop of the Royal Olympic Hotel in central Athens.

The event was also attended by Miltiades Varvitsiotis, the Greek Minister of Shipping and the Aegean, together with senior diplomats from the U.S. Embassy to Greece.

In the presence of so many illustrious guests, the occasion proved to be an ideal opportunity for the club’s leading underwriter, Stuart Todd, to say his farewells to the Greek shipowning community, in which he has been a prominent P&I figure for more than a generation, ahead of his official retirement on June 30. He leaves the insurance market after more than 40 years’ distinguished service within the P&I world. However, he will continue as a consultant to Shipowners Claims Bureau Inc., based in London.

Todd joined SCB in the autumn of 2001, having previously held senior positions with a leading International Group P&I club and at Lloyd’s of London. He moved to head office in New York in early 2002 to assume chief responsibility for the American Club’s underwriting operations.

Speaking at the Athens reception, Joe Hughes, chairman and ceo of SCB, said that Stuart Todd commanded great respect within both the shipping and insurance communities, especially those in Greece. He had made a great contribution to the club’s strategy of growth and diversification. He left a legacy of considerable achievement, not only through the growth in premium and tonnage, but also in the diversity of membership, which gained impetus during his 13 years with the club. He had been instrumental in building a strong team to enhance the club’s underwriting capabilities both for the present and for the future.

As a tribute to Stuart’s retirement, guests were shown and applauded a video put together by the managers that tracked his life and career, via photographic and other material, to illustrate his more than 40 years’ contribution to P&I insurance.

Hughes went on to say that Todd’s withdrawal from his full-time commitments had entailed certain changes to the way in which SCB managed its underwriting and business development activities on behalf of the American Club. Some of these changes had already been made.

Importantly, the main feature was that the club’s underwriting and business development functions were now operated on a regional basis. The four regions in questions corresponded to the four main constituencies of the club’s membership, being North America, EMEA (Europe, Middle East and Africa), Greater China and North Asia, and South and Southeast Asia. Details had been announced at the end of 2013. According to Mr. Hughes, the favorable results of the 2014/2015 renewal in February was evidence of how this initiative had progressed to such notable effect.

In concluding his remarks for the evening, Hughes noted the great importance to the American Club of its Greek membership, and also paid tribute to the exemplary role played by the club’s local office in Greece in servicing the needs of its members in Greece.

Dorothea Ioannou, who heads up the club’s Greek operations, and is also its business development director for Europe, the Middle East and Africa, also spoke at the event. She thanked the local shipping community for their support of the club and expressed her enthusiasm for growing and ever closer cooperation with the Greek maritime industry over the years to come.
 

  • Dorothea Ioannou

    Dorothea Ioannou

  • Joe Hughes

    Joe Hughes

  • Dorothea Ioannou
  • Joe Hughes
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Dometic to Debut New Product Line at Workboat

New products on display will include the Dometic Cup Cooler, the Smart Touch Integrated Intelligence Control system and the Dometic Sea Xchange watermakers; attendees

Insights: Morton S. Bouchard III

Insights: Morton S. Bouchard  III - President and CEO, Bouchard Transportation Co., Inc. When it comes to iconic, East Coast mainstays of the U.S. maritime industry,

Andrews to Lead CWind’s O&M Division

Lee Andrews has been appointed as CWind’s new global head of operations for maintenance and asset management (O&M) services.   Andrews joins CWind from Siemens

News

Cathelco BWTS Receives AMS Approval

Cathelco Ltd. has received Alternate Management Systems (AMS) acceptance from the U.S. Coast Guard for their ballast water treatment system.   AMS acceptance

Hagel Resigns as Defense Secretary

U.S. Defense Secretary Chuck Hagel resigned on Monday, the first major change to President Barack Obama's Cabinet since his Democrats were routed in midterm elections three weeks ago.

Ferus Smit to Launch Newbuild Bulk Carrier

Ferus Smit will launch newbuild general bulk cargo vessel Arklow Brave on Friday, December 12, in Westerbroek.   Arklow Brave is the fifth vessel in a series

Insurance

DGS Marine Advises Fixed Premium P&I Cover

DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has highlighted the benefits

Russian Firms Face Huge Insurance Costs as Foreign Providers Flee

Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out, worried that any business

WQIS President Hobbie to Retire

WQIS announces senior leadership change as president Richard Hobbie sets retirement Richard Hobbie III will retire from his position as President & CEO of the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Ship Electronics Ship Repair 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: 0.2506 sec (4 req/sec)