The Role Of Insurance In A Risk Management Strategy – Ocean Business

This event will be held during Ocean Business at the NOC.  You must register for Ocean Business to attend this event.

Thursday 10 April | 10:00-11:00 | Seminar Room, Level 4, NOC

How do you identify marine risks, mitigate them, buy adequate insurance cover, and avoid nasty surprises in the marine and subsea environments, industries and activities?

Join us for an insightful session with industry-leading experts as they guide you through the critical steps to managing risk in the marine and subsea environments. From identifying potential risks to securing the right insurance coverage, this event is designed to provide you with the knowledge and strategies to protect your business and avoid costly surprises.

Our expert speakers will cover:

Identification of Marine Risks
Learn how to pinpoint potential hazards in the marine and subsea industries, and understand the factors that contribute to risk exposure.

Risk Management and Mitigation Tools
Discover the best practices and innovative tools available to reduce risks and ensure the safety and efficiency of your operations.

Risk Transfer Through Insurance
Understand how to effectively transfer risks through insurance, securing the right coverage to protect your business from unforeseen events.

Factors Affecting Insurers’ Willingness to Accept Risk
Gain insights into what insurers look for when assessing risk, and how to position your operations to secure the best possible coverage.

Presenters:

Spencer Clark

Spencer is a Chartered Engineer and also holds a Master’s degree in Insurance and Risk Management. Having over 28 years international marine and offshore energy experience, Spencer has been involved with many large losses.

Throughout his career Spencer has handled a wide variety of claims, including offshore energy sectors (including MOUs, FPSOs and drilling systems), machinery systems, subsea equipment, shipping, yachts, ports and terminals, ship repairer’s liability, and renewable energy. Initially working for Lloyd’s Register of Shipping Classification Society Spencer spent several years working overseas carrying out Class surveys, and also worked in London and Copenhagen carrying out structural engineering plan approval work.

From 2001 he joined a specialist international loss adjusting firm and has been involved with complex insurance claims, technical surveys, forensic engineering and root cause investigations. Spencer has also provided litigation support and expert related work in UK, Europe, USA and South Asia. He has lectured on marine and energy subjects including FLNG, FPSOs, MOUs, subsea equipment and claims handling around the world. In 2015 he became a Liveryman of the Worshipful Company of Shipwrights.

Keith Rogers

Keith is a Chartered Insurance Broker and holds an Economics degree. He is also an Associate of the Chartered Insurance Institute, and member of The Society for Underwater Technology.

With over 38 years experience across all lines of marine insurance Keith has specialised in physical damage risks, builder’s risks, subsea and surface autonomous craft and equipment, designing and placing bespoke policies and programmes for a wide variety of clients from around the world.

Harry Henley

After successfully completing a Geography Degree at Newcastle University, Harry joined Beazley in the marine liability team.

Whilst in the liability team Harry studied and completed the Institute of Chartered Ship Brokers Professional Qualification.

Following Beazley’s acquisition of the subsea specialist underwriter Leviathan Harry decided to change his focus to concentrate on the subsea sector with 8 of his 12 years in the Lloyd’s market working as a subsea equipment underwriter.

Harry was promoted to Underwriter in March 2023.