Read StandardOffshorehandoutJanuary2010.pdf text version

Standard Offshore

Setting the standard for service and security Standard Club key data

2000 2001 2002

January 2010

Tonnage Premium income, unaudited 2003 Free reserves, expected at 20 Feb 2010 2004 S&P rating 2005

2006

95m gt $250m $230m A (strong), stable outlook

Club members

2008 20 Feb 2009 Jan 2010 0 50

2007

Offshore sector

200 250

Rest of AsiaUS$ MILLIONS

100

Rest of World 150

USA

Supply support Accommodation

Korea Canada

2000 2001 2002 2003

Japan Rest of Europe

FPSO

2000 2001 2002 2003

Heavylift / installation

Middle 2004 East

2005 2006 2007 2008 20 Feb 2009 Jan 2010 0

Nordic

2004 2005

United Kingdom

2006

Germany

2007 2008

Switzerland

50 100 150

Greece Italy

200 250

20 Feb 2009 Jan 2010

FSO

Drilling

0 50 100 150 200 250

US$ MILLIONS

US$ MILLIONS

Tonnage

2000 2001 2002 2003 2004 2005 2006 2007 2008 20 Feb 2009 Jan 2010 0 10 20 30 40 50 60 70 80 90 100

Free reserves

2000 2001 2002 2003 2004 2005 2006 2007 2008 20 Feb 2009 Jan 2010 0 50 100 150 200 250

Premium income

2000 2001 2002 2003 2004 2005 2006 2007 2008 20 Feb 2009 Jan 2010 0 50 100 150 200 250

GT MILLIONS

US$ MILLIONS

US$ MILLIONS

2000

· · · ·

Philosophy

positive risk, good results low claims frequency, even if high value specific problems need specific solutions one size does not fit all

Covers

Oil company / production and drilling

Fixed premium / fixed limit P&I cover: · limits up to $1bn · optional liability extension for sub-sea pollution

Working together

· · ·

contractual review provides certainty tailored solutions for individual operations club service with market limits

Installation / construction and supply / anchor-handling / salvage

Mutual cover plus: · specialist operations · ROV / divers · contractual · property on board · salvors' liability

Standard Club solution

· · · · ·

meeting the needs of the energy business dedicated syndicate comprehensive reinsurance programme standard form and bespoke cover terms cover limits up to $1bn

Bunker Blue Cards

· · · available for all offshore units no additional cost issued by the club

The team

Offshore syndicate

Robert Dorey, Syndicate Director +44 20 3320 8831 [email protected] Sharmini Murugason, Claims Director +44 20 3320 8832 [email protected] Claire Beard, Underwriter +44 20 3320 8880 [email protected] John Croucher, Underwriter +44 20 3320 8879 [email protected] Fabien Lerede, Claims Executive +44 20 3320 8898 [email protected] Rose Deman, Claims Executive +44 20 3320 8887 [email protected] Laura Reilly, Deputy Underwriter +44 20 3320 8805 [email protected]

Executive management

Barbara Jennings, Director, Offshore +44 20 3320 8830 [email protected] Brian Glover, Director of Claims +44 20 3320 8823 [email protected] John Reily, Director of Underwriting +44 20 3320 8838 [email protected] Kieron Moore, Legal Director +44 20 3320 8855 [email protected]

Standard Asia

Robert Drummond General Manager / Underwriter +65 6506 2875 [email protected] Wendy Ng, Claims Director +65 6506 2882 [email protected]

The Standard Steamship Owners' Protection and Indemnity Association (Bermuda) Limited Incorporated in Bermuda No.01837 Registered office: Burnaby Building, 16 Burnaby Street, Hamilton, Bermuda Authorised and regulated by the UK Financial Services Authority Website www.standard-club.com The managers' London agents: Charles Taylor & Co. Limited Registered in England No.2561548 Registered office: Standard House, 12/13 Essex Street, London, WC2R 3AA Telephone: +44 20 3320 8888 E-mail: p&[email protected] Charles Taylor & Co. Limited is an appointed representative of Charles Taylor Consulting plc, which is authorised and regulated by the UK Financial Services Authority The information and commentary herein are not intended to amount to legal or technical advice to any person in general or about a specific case. Every effort is made to make them accurate and up to date. However, no responsibility is assumed for their accuracy nor for the views or opinions expressed, nor for any consequence of or reliance on them. You are advised to seek specific legal or technical advice from your usual advisers about any specific matter.

Charles Taylor Consulting is a leading global provider of management and consultancy services to insurers and insureds across a wide spectrum of industries and activities

Information

2 pages

Report File (DMCA)

Our content is added by our users. We aim to remove reported files within 1 working day. Please use this link to notify us:

Report this file as copyright or inappropriate

1327001