Fidelis Group Holdings Names Kirchhofer VP of Marine Division
Fidelis Group Holdings, LLC (FGH), with its subsidiary Continental Underwriters, Ltd., has hired John Kirchhofer as Vice President of its Marine Division. In this position, Kirchhofer will be responsible for expanding the group's brown water hull and primary marine liability geographical footprint, which will complement FGH's national inland marine and ocean cargo product lines, the company said. Kirchhofer will report directly to H. Elder Brown, Jr., Chairman of FGH and will be based in the group's New York City office located at 100 William Street. Kirchhofer comes to FGH with more
Fidelis Group Holdings Opens NY Office
Fidelis Group Holdings, LLC (FGH) with its subsidiary company Continental Underwriters, Ltd. (CUL), a National Marine Insurance coverage and service company, opened its new flagship office located in Lower Manhattan, New York. H. Elder Brown, Jr., President and Chief Executive Officer of FGH commented, "We have been able to continue our growth pattern during these tough market conditions principally due to our proven business model and discerning hiring practices. Our expanding platform and group of insurance professionals give us a clear advantage over our competition which is
Sweden's Vattenfall to Cut 1,500 Jobs
20,000 employees, primarily in Sweden, Germany, the Netherlands, Denmark, Finland and Britain. The resources freed up but the job cuts would help fund new investment and maintain the group's profitability, Hall added. After five straight years of losses, partly due to a disastrous expansion into continental Europe, Vattenfall in February swung to a pretax profit of 12.9 billion crowns for 2017 against a 5.0 billion loss a year earlier. The company is now also looking into a limited number of acquisitions, Hall told Reuters in February, and Vattenfall said earlier this month it would invest 1 billion
Continental Resources President Quits, Leaves Leadership Gap
Continental Resources Inc, the largest oil producer in North Dakota's Bakken shale formation, said on Thursday that Rick Bott, its president and chief operating officer, had resigned. Bott, 54, was widely considered the likely successor to Continental Chief Executive Officer Harold Hamm, 68. His departure leaves a talent gap at the top of the company, which is in the midst of an ambitious attempt to double its 2012 production levels by 2017. Continental said Bott's duties will be divided between remaining executives. It was not immediately clear why Bott resigned or if he had secured
Preece Named Managing Director at CWind
Mark Preece has been appointed Managing Director of CWind, the Global Marine Group (GMG) offshore renewable business. Preece, who has extensive experience in the offshore and maritime sectors, joined CWind on an interim basis late in 2017. He has formerly served as Executive Vice Chairman at PDi Ltd, CEO of CEONA Offshore and CEO of Reef Subsea.
Sound Oil Appoints Marco Fumagalli as Non-exec Director
Sound Oil, the Mediterranean focused upstream oil and gas company, announced the appointment with immediate effect of Marco Fumagalli as a Non Executive Director of the Company following the institutional investment announced on 25 April 2014. Marco Fumagalli is Continental Investment Partners' Managing Partner and a well-known Italian businessman who was previously a Group Partner at 3i. Marco is a 25% shareholder in Continental Investment Partners. Last month, Sound said that Continental Investment Partners had completed its due-diligence and the investment agreement
BAE Systems Names Wolstenholme MD in the UK
Andrew Wolstenholme OBE will join BAE Systems plc from May 24, 2018, in a newly-created role on the Executive Committee as Group Managing Director, Maritime and Land UK. Wolstenholme will be responsible for BAE Systems’ Maritime and Land UK sectors and will report directly to Chief Executive, Charles Woodburn. Wolstenholme joins BAE Systems from Crossrail Ltd., where he led Europe's largest infrastructure project for the last seven years. He has extensive experience in business leadership and delivering major engineering projects in the U.K., Asia and North America, including
WQIS Hires Mongello as COO and Senior VP
WQIS, underwriter of pollution liability insurance for marine vessels, has created the new position of Chief Operating Officer and has selected Justin A. Mongello to fill the role, as well as that of Senior Vice President. Mongello holds a Bachelor of Science in Marine Transportation from State University of New York Maritime College and brings to the role almost 20 years as a team leader in underwriting with firms such as Zurich North America, Swiss Reinsurance Corp and Liberty International Underwriters. WQIS said it created the new COO position to further strengthen the senior
Changes at Teekay's top deck
Teekay Tankers Ltd. (Teekay Tankers or the Company) announced today the following changes to its Board Audit Committee: • Richard D. Paterson has been appointed as the new Chair of the Audit Committee, effective March 15, 2018. • William Lawes has stepped down as Audit Committee Chair, but remains on the Audit Committee and Board. Mr. Paterson joined the Board of Directors of Teekay Tankers on August 1, 2017. He is a certified public accountant who retired from PriceWaterhouseCoopers LLP (PwC) in 2011 after 37 years of service. At the time of his retirement, Mr. Paterson
Continental Resources Names New President after Bott's Quick Exit
Continental Resources Inc, the largest oil producer in North Dakota's Bakken shale formation, promoted Jack Stark to president on Wednesday, less than a week after Rick Bott quit the position. Stark, 59, had worked at Continental since 1998, most recently as head of exploration. The promotion instantly makes Stark the top contender to replace founder and Chief Executive Harold Hamm. Bott stepped down as president last week, a move that surprised many on Wall Street, and even some inside the company. Continental is set to hold an analyst day on Thursday in Oklahoma City. (Reporting by
Braemar Adjusting Promotes Lim
Braemar Adjusting has announced the promotion of Randy Lim from Senior Adjuster to Director, effective immediately. Lim has been with Braemar Adjusting since 2013, prior to which he amassed more than 25 years of experience in the insurance industry in progressive roles including claims handling, claim management, relationship management and business development with various underwriters and vendors as well as claims advocacy and account management with a large international brokerage. Since joining the Calgary office, he has worked under the leadership of Paul Cameron to develop a strong
Markel International Appoints Kristiansson in Singapore
Markel International Singapore, the specialist insurer, has appointed Gustaf Kristiansson as marine underwriter based in Singapore. Kristiansson joins the Singapore office from Markel International’s Sweden office where he held the same position. Prior to that, he was located in Dubai, UAE working for Gulf Agency Co., an international shipping logistics and marine services company. Kristiansson brings with him more than 10 years of shipping and marine insurance experience.
XL Catlin Names McAdams Chief Underwriting Officer, Global Marine
XL Catlin has announced the promotion of Rob McAdams to the position of Chief Underwriting Officer for Global Marine with immediate effect. Previously, McAdams held the role of UK/ Ireland Marine Leader. McAdams has 20 years’ experience in the insurance industry. Prior to joining legacy XL he held positions at Reliance National in New York. He is an Associate of the Chartered Insurance Institute, and a Chartered Property & Casualty Underwriter.
PSA International sees profit jump 5.0%
* PSA International Pte Ltd (PSA) handled 74.24 million TEUs for the year ended 31 December 2017, representing an increase of 9.8% from the previous year. * PSA's flagship Singapore Terminals contributed 33.35 million TEUs, increasing 9.0% over 2016. PSA terminals outside Singapore delivered a total throughput of 40.89 million TEUs, increasing 10.4% over 2016. * PSA Group revenue rose 7.8% and profit from operations grew 5.0% compared to previous year. Overall net profit for the year was 5.1% higher at $1.23 billion. * PSA's balance sheet remains strong with a gross debt equity ratio of 0.
XL Catlin Promotes Chief Underwriting Officer, Marine
XL Catlin today announced the promotion of Anne Marie Elder to the role of Chief Underwriting Officer Marine for the Americas region. Elder in her new leadership role now reports to Lee Meyrick, XL Catlin’s Chief Underwriting Officer for Global Marine, in London. Elder, who previously held the position of Senior Vice President and Chief Underwriting Officer, Inland Marine in North America, assumes the role formerly held by Richard DeSimone. DeSimone, who joined XL Catlin in 2011 to help build its North America Marine capabilities, retired from the company on December 31, 2015.
Statoil Recruitment Plan Targets Skilled Workers
Statoil said plans to recruit more than 50 skilled workers annually in the years ahead to ensure that the company has the right competence and capacity on the Norwegian continental shelf. “We believe it will be possible to maintain profitable and sustainable production at the current level on the Norwegian continental shelf up to 2030 and beyond. However, this means that we must continue to attract talented personnel with good qualifications,” said Aksel Stenerud, vice president human resources Development and Production Norway. As a result of the downturn in the oil and gas
AEU Hires Ruizas as Loss Control Manager
The American Equity Underwriters, Inc. (AEU) recently hired Ray Ruizas Loss Control Manager. Ruizas’ safety experience includes five years at a large shipyard in Port Arthur, Texas, where he implemented management systems, conducted incident investigations, oversaw safety inspections and conducted shipyard safety training for supervisors and employees in both English and Spanish. He has numerous certifications from OSHA and the Texas Department of Health and is a Shipyard Competent Person and certified in HAZWOPER (Hazardous Waste Operations), Radiological Emergency Management, First Aid and