Marine and energy insurance association, Standard Club, has launched the Offshore Advisory Committee (SCOAC) in an attempt to drive developments in offshore protection and indemnity cover (P&I).
Standard Club said that SCOAC would analyze offshore trends, assist the club in further understanding and disseminating industry best-practice, and develop new strategies to provide a focused direction for the benefit of the club’s offshore membership.
The new committee consists of offshore players including Allseas Group, Bumi Armada, Floatel International, Nortrans Offshore, Saipem, SBM Offshore, and Subsea 7 – all members of the Standard Club.
According to the association, the members of the committee are senior figures in the offshore industry with extensive experience and knowledge allowing them to provide invaluable insight to the committee which in turn will be shared with the wider membership.
SCOAC is in charge of reviewing current issues and challenges affecting key sectors in the offshore industry including production, drilling, accommodation, constructions/installation, support/supply, and other specialist operations.
The committee will also consider the implications of new regulations coming into force, offshore contracting trends, and other topical subjects affecting the offshore industry.
James Bean, managing director of Standard Europe, said: “Through its broad range of covers and diverse membership supported by high limits of cover, the club is well positioned to launch an Offshore Advisory Committee bringing together leaders in this sector to work collaboratively on industry issues affecting our members.
“Our committee members are established figures in the offshore world and being able to call upon their considerable expertise is invaluable. I would like to thank them for the enthusiasm with which they have greeted this initiative and to Claire Bromley from Subsea7 for kindly accepting the committee’s nomination to take on the role of chair.”
Claire Bromley, head of insurance at Subsea 7, said: “SCOAC reinforces The Standard Club’s commitment to understanding and appreciating the evolving needs of its members and in looking for ways in which to further support these. As chairman, I am looking forward to working together with the rest of the committee to ensure SCOAC is a success.”
Standard Club added that the remaining members of the Offshore Advisory Committee are Jonathan Cassidy from SBM Offshore, Suchitra Narayanan, from Bumi Armada Berhad, Johann Preller from Allseas, Bertrand Valentin from Saipem, Trond Kyrkjeboe from Nortrans Offshore, and Thony Lindström Härdin from Floatel International.