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Thursday, April 18, 2024

Risk Management News

Hovland Øverlie (Photo: Edda Wind)

Edda Wind Names Øverlie CFO

the resignation of Tom Johan Austrheim. Øverlie will join Edda Wind March 1, 2024.Øverlie is currently senior vice president of business development at Flex LNG and was previoulsy CFO at Amar Group. Øverlie has also extensive experience from financial/liquidity planning, risk management and financial analysis from Knutsen NYK Offshore Tankers and DnB. He holds a master’s degree in financial economics from BI Norwegian School of Management. “I am very pleased to announce the recruitment of Herman Hovland Øverlie as new CFO in Edda Wind,” said Kenneth

© brent coulter / Adobe Stock

Port of Corpus Christi Names Bertolami CFO

years as director of finance for the Port of Corpus Christi. She has more than 20 years of experience in financial leadership roles and has served as Interim CFO since September.As CFO, Bertolami will oversee the port’s real estate, information technology, finance, accounting, procurement and risk management departments.In her prior role as director of finance, Bertolami was responsible for a number of duties, including coordinating the completion of the port’s Annual Comprehensive Financial Report, improving efficiencies with financial accounting processes, and serving as project manager

Pat Stoik courtesy of Ascot

Ascot Appoints New Head of Marine

, 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, where he was responsible for the company's insurtech business strategy and played a key role in elevating and consulting on Overhauls' presence in the insurance market.Stoik has also spent time at major P&C insurance companies including Great American Insurance Group, where he oversaw

Kent Young (Photo: GIT)

Kent Young Joins GIT Board of Directors

.A former senior director of technology for the global supply chain R&D at Sherwin Williams, Young will provide strategic guidance and expertise across a range of areas as GIT scales-up its business. Young’s extensive background in coatings, along with his experience in supply chain, risk management, raw material selection, R&D processes and product innovation will accelerate GIT’s growth, the company said. Young also has experience leading teams that deliver market-impactful product innovations, process optimization, and new solutions to enhance customer value will further enhance

Ian Tyler (Photo: BMT)

BMT Appoints Ian Tyler as Chairman

Design, engineering and risk management consultancy BMT announced it has appointed Ian Tyler as chairman of BMT Group Ltd. Tyler joined the board on May 1 and will assume the role of Chairman in early June. Tyler has a wealth of experience with listed public companies, in both executive and nonexecutive director capacities. His business leadership experience spans multiple sectors including energy, infrastructure, technology, defense and engineering. He is the former CEO of Balfour Beatty plc and brings board experience across companies including Cairn Energy, BAE Systems, Amey and Anglo American.

(Photo: Port of Oakland)

Port of Oakland launches 2023 Summer College Internship Program

2023 Summer College Internship Program. Through a competitive process, prospective applicants apply for internships in 18 professional fields – Aviation, Communications, Engineering, Governmental Affairs, Human Resources, Information Technology, Legal, Maritime, Planning & Development and Risk Management – at the port.With more than 20 years of hosting interns, the Port of Oakland will support local students throughout the eight-week paid internship program.“This program offers college students an opportunity to develop an understanding of the Port of Oakland’s mission and

EeLain Ong (Photo: TT Club)

Ong Takes Over as TT Club CFO

providers, she also had experiences as a regulator,  an auditor, and an M&A corporate financier - all of which has exposed her to structuring finite, legacy and traditional risk transfer deals within the realms of financial governance.“I see the strength of TT as a reliable and expert risk management provider for organizations in the global supply chain sector which is continually undergoing disruption.  My role in part will be to help maintain TT’s agility to adapt to this changing trade environment, yet remain consistent in delivering renown service and claims efficiency,&rdquo

John Beckwith (Photo: Braemar)

Braemar Names Beckwith HR Director

Braemar, expert advisors in shipping investment, chartering, and risk management, today announced the appointment of John Beckwith as Group Director of Human Resources.The hire of Beckwith strengthens Braemar’s leadership team, enhances and enables Braemar’s ability to grow organically and via Mergers and Acquisitions (M&A), and it represents a further investment in the professional development of its shipbroking and corporate finance teams.Beckwith has been the HR/people subject-matter expert on multiple mergers, demergers, and acquisitions throughout his career, including an IPO

Rebecca Chhim (Photo: NUWC Division Newport)

NUWC Newport Names Chhim Head of the Undersea Warfare Combat Systems

long-term stewardship of NUWC Division Newport’s technical capabilities, with a focus on the cybersecurity USW engineering thrust.Prior to that, as the deputy department head for cybersecurity, Chhim led NUWC Division Newport’s information technology (IT), digital modernization and 100% risk management framework efforts, and was triple-hatted, also serving as activity chief information officer and acting head of the IT division. Most notably during this time, she initiated a major modernization effort to upgrade NUWC Division Newport's computing infrastructure. She balanced the surge of

Suumit Madhu, Senior Underwriter, West P&I (Photo: The West of England P&I Club)

West Creates Charterers and Traders ProductTeam

tailor-made offering for the more than 40 million GT of chartered tonnage currently insured by the Club.Suumit noted that: “The future of the Charterers Comprehensive Cover product is very exciting. Building on the first-class service synonymous with West and a suite of unique insurance and risk management solutions, we are creating a more agile product that allows us to guide charterers and traders through any problem they may have”

Kevin Blunsum (Photo: TT Club)

TT Club Taps Blunsum as Chief Technology Officer

Miller to ensure alignment with other businesses in the group. Gibbard herself has career-long expertise in global IT and operations of global financial services organizations, in particular focusing on defining and implementing business lead technology strategies, driving innovation and operational risk management.Kevin King TT Club’s COO said, “The timing of this appointment, the first CTO TT has ever had, and indeed a first for any Thomas Miller managed business, reflects our belief in the centrality of technology to the services offered to our Members and the industry. Thomas Miller businesses

Robert Starr (Photo: Fairbanks Morse Defense)

Fairbanks Morse Defense Names Starr CFO

as Vice President and Treasurer. Starr has also served in numerous finance-adjacent roles throughout his career, including Assistant Treasurer at Crane Co. of Stamford, Connecticut; Managing Director of Corporate Finance at Aetna, Inc. of Hartford, Connecticut; and Director of Capital Markets and Risk Management at Fisher Scientific International, Inc. of Hampton, New Hampshire.Starr earned a Bachelor of Business Administration from the University of Michigan and a Master of Business Administration from the University of Chicago

Kevin Humphreys (Photo: LR)

Humphreys to Lead LR's Maritime Business in the Americas

of Investigation, sailed as a licensed Chief Engineer, and served as an officer in the U.S. Naval Reserve.Humphreys, an engineering graduate of the United States Merchant Marine Academy (USMMA), is one of the leading experts on the intersection of technology deployments in shipping for financial risk management under the Poseidon Principles. He serves on the Board of Advisors for the North American Marine Environment Protection Association (NAMEPA) and SeaAhead, a Boston-based blue tech incubator.LR said the appointment forms part of its strategic focus to support its maritime clients address the demands

© yaniv / Adobe Stock

Greek Firms Partner to Launch Online Training for the Shipping Industry

member of Moore Global, is an accounting and consulting firm specializing in the shipping, media and hotel sectors. Moore brings decades of expertise and experience as well as renowned executives in the field of accounting, financial reporting but also in the areas of corporate governance, risk management and regulatory compliance

Rear Admiral Peter Brady, Director General of the Maritime Authority of Jamaica (Photo: Maritime Authority of Jamaica)

Crew Change Hubs Could Help Address Seafarer Crisis, Says MAJ

owners, as soon as is possible, to make the necessary arrangements for seafarers to be safely repatriated at the end of their SEA.The Government also reopened its borders to enable controlled entry and transit of crew and has designated seafarers as essential workers under its 2020 Disaster Risk Management Order in June. Through the Maritime Authority of Jamaica, the country has implemented measures geared at supporting the repatriation of seafarers and crew changes in general. To date nearly 2,300 crew changes have been facilitated

Teresa Peacock (Photo: Spinnaker Global)

Teresa Peacock Joins Dryad Global as Non-executive Director

Maritime security risk management firm Dryad Global announced Tuesday it has appointed Teresa Peacock as its first non-executive director.Peacock is currently managing director at maritime staffing and recruitment firm Spinnaker Global and a member of the Maritime UK’s Diversity Taskforce, a board member of the Women's International Shipping & Trading Association (WISTA UK) and a part of the All Party Parliamentary Group for Women and Work. Her experience spans a career in recruitment of over 30 years, most recently working to deliver major global recruitment projects in shipping and the

Rebecca Chhim (Photo: NAVSEA)

NUWC Division Newport Names Chhim Director of Cybersecurity for Undersea Warfare

served many roles at Division Newport since then, so many that she does not remember a time when she was not in the cyber and technology space, she said. As deputy department head for cybersecurity, she also provided technical leadership in the command’s information technology (IT) and 100% risk management framework (RMF) efforts. She concurrently served as the command’s chief information officer (CIO) and acting head of the IT Division, overseeing the daily IT and cybersecurity operations of Division Newport and its detachments.Chhim worked in Division Newport’s USW Combat Systems

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