VIDEO: Long-Term Consequences of Covid-19’s Crew Change Crisis
The international shipping industry continued its long-term positive safety trend over the past year. The number of large vessels lost remained at record low levels in 2020, while reported incidents declined year-on-year, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2021.The AGCS report notes that the shipping sector has shown great resilience through the coronavirus pandemic, as evidenced by strong trade volumes and the recovery seen in several parts of the industry today. However, the crew change crisis brought on by the pandemic continues
Crew Training for a Future that Includes Autonomous Vessels
coming at a time when the industry is already facing a number of challenges in attracting and retaining qualified crews. This was a problem before the COVID-19 situation stressed the maritime labor pool to the breaking point. An important factor when we evaluate the risk profile of a vessel or fleet at Allianz is the manning component. Who supplies the crew and how are they trained are key questions when we look to develop a risk grading of an account. It is critical that future maritime education and training be of high quality, but also that it be visible to the public. The student we need to
Kadow tapped to head AGCS Marine
Allianz Global Corporate & Specialty SE (AGCS) said that, effective July 1, 2019, Ulrich Kadow will be appointed as AGCS Global Head of Marine. Currently Chief Agent of AGCS Canada, Kadow will take over from current Global Head of Marine and Energy Simon Buxton, who is leaving Allianz. Until a successor in Canada is confirmed, Kadow will maintain a dual leadership role for both the country and Marine Line of Business responsibilities.Kadow has led AGCS’ Canadian business since May 2015, after originally joining AGCS in 2006. During his 13 years with the company, he has held a
Ossena to Drive AGCS N. America Growth
Allianz Global Corporate & Specialty (AGCS) said that Baptiste Ossena, Global Product Leader of Hull and Marine Liabilities (HML), will assume additional responsibility as the North American Regional Head of HML, effective April 1, 2019.Relocating to New York from Paris, Ossena will work closely with direct report John Kiernan, the current Head of HML in North America, who will take on the key responsibility for large account management and portfolio steering across the business.Ossena has held his current global role since 2017. He also served as the Regional Head of Mediterranean Marine &
AIMU Elects New Officers
– Chairman•Michael Csorba of Great American – Vice Chairman•Tony Cowie of Swiss Re – Director of FinancesThe following three individuals were named to the Management Committee for a three-year term:•Gordon Lewis – Crum & Forster•Ryan O’Connor – Allianz Global Corporate & Specialty•Robert Ryan – NavigatorsLes Bogdan of Berkley Offshore Underwriting Managers, was presented with the 2018 AIMU Distinguished Service Award at the annual meeting
BP Names Former Statoil Boss Lund as Next Chairman
55-year-old Lund steered Statoil through its transformation from a state oil company into a leading global player, and is likely to have to navigate BP through the succession of its veteran CEO Bob Dudley later this decade."It is a good appointment," said Rohan Murphy, analyst at asset manager Allianz Global Investors."He has already had a great career and coming from Statoil and BG shows his upstream expertise which is still the main driver of earnings at BP so it is key to understand this well."Lund will join BP at a time when the British oil and gas company is growing quickly, having
Torqeedo Names Glück Marketing VP
Electric and hybrid drives manufacturer Torqeedo has appointed Oliver Glück as its new vice president marketing.Prior to joining Torqeedo, Glück was head of marketing communication and brand strategy for Hyundai Motor Europe. His experience includes in-house positions at automotive companies and consulting for several automotive brands. He worked for Fiat Auto, BBDO Worldwide, Millhaus, and Allianz Global Automotive, among others. He holds a degree in marketing, innovation management and advertising psychology from Ludwig-Maximilians-University in Munich.
AGCS Makes Leadership Changes in North America
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced today that effective December 31, Henning Haagen will take over as North American Regional Head of Specialty Lines, and Rich Soja will become the North American Regional Head of Marine. These appointments follow the retirement of John Barnwell after more than 20 years with the company. While taking on these new responsibilities, both Haagen and Soja will continue in their current roles as Northeast Zone Executive in the U.S. and Global Head of Inland Marine, respectively. Sin
Strong U.S. Jobs Report Pushes Up Dollar
that the gains topped 200,000 for five straight months. "It's an extremely bullish report. Not only did you have a gangbusters headline and private read but you had a diffusion index that was 64.8, which shows significantly healthy breadth," said Mohamed El-Erian, chief economic adviser at Allianz SE. "It's a report that really checks off all the positive boxes, I don't think you could have asked for a stronger read." The prospect of a relatively near-term rise in U.S. rates that would finally end the era of near-zero borrowing costs saw U.S. stock futures pare gains ahead
Disasters at Sea & Their Impact on Shipping Regulation
a proposed safety change through the IMO process of member state committees and debate, IMO acceptance and individual government approvals, followed by typically phased-in enactment, the process works. Figures from multiple sources, including the “Safety and Shipping 1912-2012” report from Allianz Global Corporate & Specialty, the International Union of Marine Insurance, and the 2012 report, “15 Years of Shipping Accidents : A Review for WWF,” from Southampton Solent University, show that the incidence of Marine accidents is significantly down, and has been trending
Khanna New Global Head of Marine Risk Consulting
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced the appointment of Captain Rahul Khanna to Global Head of Marine Risk Consulting, effective July 1, 2014. In this position, Captain Khanna will be responsible for developing and executing the Marine risk consulting and loss prevention services across all regions globally, leading a team of 20 consisting of former captains, maritime experts, and maritime engineers based in Europe, North America and the Asia Pacific regions. He will replace Tim Donney who will retire in early July.
