Maritime P&I insurance provider the Shipowners' Club has restructured the key departmental functions at its London branch.
The claims and underwriting teams will now be organised according to three distinct areas of responsibility, called syndicates, within which underwriters and claims handlers will work alongside each other. One syndicate will handle European business; another will manage the "rest of the world" accounts, which fall within the London branch's realm of responsibility; and a third syndicate will focus on the offshore sector. The latter is an area already prominent in Shipowners' portfolio and within which it plans to develop its service offering further. The London branch's loss prevention team will sit alongside the syndicates and continue to assist members in minimising their exposure to risk.
The reorganisation at the London branch forms part of a broader continuing restructuring programme. Shipowners is planning announcements covering expansion at its Singapore branch, the details of its new offshore syndicate in London and the terms of a number of simplified forms of cover aimed at specialised small-vessel sectors over the coming months.
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