Introduction to Offshore Energy (2 days)

From Wednesday 27 March 2019 -  10:00am
To Thursday 28 March 2019 - 05:00pm

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Overview: Join us for this 2-day class consisting of key topics including History of Offshore Energy; Underwriting: Operators Extra Expense/Control of Well and Physical Damage; Alternatives to the Commercial Market; Client Perspective: Risk Management; CAT Management; Treaty Reinsurance; Claims with Case Studies; and Brokering. This class, to be instructed by leaders in the industry, is the result of a two-year project of the AIMU Offshore Energy Committee.

Who Should Attend: Insurance company underwriters, trainees, claims personnel, surveyors, agents or brokers, shipowners, charterers and maritime attorneys.

Continuing Education Credits: 
12 Credits SAMS: 12 Credits NAMS

State Insurance Departments: 
12 CE credits for NY, NJ, CT; 11.5 in TX

Lisa Chines, Vice President, Upstream Energy Underwriter - Nav Tech, Navigators
Scott Barnard, Vice President / Southwest Regional Manager, Berkley Offshore Underwriting Managers
Aron Pasternack, Vice President, New York and Canada Manager, Berkley Offshore Underwriting Managers
Anthony Cowie, Hub Head Marine Americas, Senior Vice President, Property & Casualty Underwriting, Swiss Re America
James Vavasour, President/Group Marine Director, MatthewsDaniel
Manuel Tarantino, Executive Vice President, MatthewsDaniel
Todd Jordan, Transocean Drilling
Chris Liddell, Senior Vice President, Aon Risk Solutions


1. History of Offshore Energy
· London/Lloyds
· US Market

2. Underwriting - Operators Extra Expense/Control of Well 
· Basic Geology
· Operator, Well Planning & AFE
· Drilling Contractor & Rig
· Basic Well Drilling
· Well Control & Loss of Control

3. Underwriting - Physical Damage
· Contractors – Offshore / Onshore Rigs, FPSOs
· Platforms/Pipelines
· Standard Wordings

4. Builders Risk
· Builders Risk/Construction All Risk
· WELCAR Wording

5. Claims Administration
· Notice of Claim
· Investigation
· Case Studies: Physical Damage; Control of Well; Offshore Construction


6. Alternatives to the Commercial Market
· OIL (Oil Insurance Ltd.)
· Captive Insurance Companies

7. Capacity Management
· Profile of offshore assets
· Technological Advances
· Aggregation
· Gulf of Mexico Windstroms
· Models

8. Treaty Reinsurance
· functions of reinsurance
· providers of reinsurance
· regulation

9.  Client Perspective; Risk Management
· Purchase of insurance from a Directors Point of View
· Trends in Market
· Identifying Risks; Assessing vulnerability

10. Brokering Process
· Prospecting
· RFP Process and other ways to win
· Marketing of the risk
· Servicing & Claims

Program Features: Continental Breakfast Lunch Handouts & Lecture Notes

Special Assistance: In Compliance with the  American's with Disabilities Act, AIMU will make all reasonable efforts  to accommodate persons with disabilities at its meetings. Please call  John A. Miklus at (212) 233-0550

Refund requests will be honored if received at least 48 hours prior to the scheduled start date. All refunds will be subject to a processing fee of 4%. 

Location 14 Wall Street, 8th floor, New York, NY 10005
Contact Elvira Rodin at
For questions about educational credits, contact our Education/Training Specialist, Eileen Monreale
Office phone: 212-233-0550