Transportation Risk News

Pat Stoik will join insurer Ascot Group as Executive Vice President, Head of Marine, Ascot U.S., effective October 24. He will be based in New York and will report directly to Matt Kramer, Chief Executive Officer, Ascot U.S.An experienced executive in the marine industry, Stoik brings more than 35 years of senior management, underwriting, and broker experience to Ascot. Most recently, he served as Chief Risk Officer for Overhaul Group, Inc., a global leader in in-transit supply chain risk management…

Shipping industry executives say the increased security threat from cyber and data privacy breaches is the number one risk to its sector, according to a new ranking released today by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company. According to Willis Towers Watson’s Transportation Risk Index the second- and third-most pressing risks affecting the shipping sector are globalization of the customer base, and third-party security vulnerabilities.

Braemar Shipping Services plc has launched a new subsidiary called Braemar Marine, which will provide diverse marine surveying and adjusting services to the global maritime, transportation risk and insurance markets. Braemar Marine commenced operations on August 1st, 2009 from its headquarters in Atlanta, Ga., USA, and has established offices in Los Angeles, Houston, Miami, Seattle and London to enhance existing group marine surveying and adjusting capabilities in Latin America, Australasia and the Far Fast. The operation is led by John Tirel, Executive Vice President, with the assistance of Chris Lunda, Vice President of Global Development. Both John and Chris are based in Atlanta. John Cole is Director of the London office.