Introduction to Offshore Energy (2 days)

From Monday 09 July 2018 -  10:00am
To Tuesday 10 July 2018 - 05:00pm

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Overview: It is a new 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.  The Treaty Reinsurance Section will cover the WHAT, WHY, WHO & HOW of Offshore Energy Reinsurance.  Not your usual old R/I presentation!  We will focus on what does reinsurance really do for you, why someone would want to buy it, and who are the players in a reinsurance transaction; with just a touch of the technical "how it works". This class, to be instructed by leaders in the industry, is the result of a two-year project of the AIMU Offshore Energy Committee. For more information or to register, click on the name of the class.

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, PA; 11.5 credits in TX

Lisa Chines, 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 & Specialty Underwriting, Swiss Re America Holding Corporation

Day 1 Topics

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. Client Perspective; Risk Management

  • Purchase of insurance from a Directors Point of View
  • Trends in Market
  • Identifying Risks; Assessing vulnerability

Day 2 Topics

6. Alternatives to the Commercial Market

  • OIL (Oil Insurance Ltd.)
  • Captive Insurance Companies

7. Capacity Management

  • Profile of offshore assets/exposure
  • Technological Advances
  • Aggregation
  • Gulf of Mexico Windstorm

8. Treaty Reinsurance

  • functions of reinsurance
  • providers of reinsurance
  • regulation

9. Claims Administration

  • Notice of Claim
  • Investigation
  • Case Studies: Physical Damage; Control of Well; Offshore Construction

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%. Cancellations received after the refund deadline and "no shows" are subject to the full registration fees. Substitutions may be made by notifying AIMU via email or in person on the day of the event.

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

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