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.
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