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

Instructors:
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

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

DAY 2 TOPICS

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

Refunds/Cancellations/Substitutions: Refund requests will be honored if received at least 48 hours prior to the scheduled start date. 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. Please contact Elvira Rodin at erodin@aimu.org.