Press Release: UK Club Directors elect new Chairman
Directors of the UK P&I Club, the leading provider of P&I insurance and other services to the international shipping community, have subject to regulatory approval elected Nicholas Inglessis as their new Chairman, succeeding Alan Olivier.
Inglessis who has been a Director of Samos Steamship, the 140-year-old Greek ship management company, since 1991 brings considerable experience to the role.
Inglessis has been a Director of the UK Club since 2005 and was elected Deputy Chairman in 2012. Olivier, who was at South African company Grindrod for over 30 years, was elected Chairman of the Club in 2013.
As new Board Chairman, Inglessis will be supported in his role by the Deputy Chairmen Nicholas Schues, Paul Wogan and Randy Chen.
Andrew Taylor, UK P&I Club Chief Executive Officer, says: "Nicholas is an excellent replacement for Alan as our new Chairman, with vast industry experience and an in-depth knowledge of the Club. Alan has navigated the Club through a period of industry-wide turbulence following the global financial crisis. Under his leadership, the Club has regained its S&P A rating, increased its capital base and repaid the hybrid bond. We thank him for his commitment to the Club and wish him well in his future endeavours."
For further details, please contact: Jonathan Atkins / Alastair Doyle Four Broadgate UKP&I@fourbroadgate.com / +44 (0) 20 3697 4200
Notes to Editors
The UK P&I Club is a leading provider of P&I insurance and other services to the international shipping community. Established in 1869 the UK P&I Club insures over 240 million tonnes of owned and chartered shipping through its international offices and claims network. 'A (Stable)' rated by Standard & Poor's with free reserves of $539m, the UK P&I Club is renowned for its specialist skills and expertise which ensure 'best in class' underwriting, claims handling and loss prevention services.
The UK P&I Club is managed by Thomas Miller, an independent and international insurance, professional and investment services provider.
Thomas Miller is an international provider of market leading insurance services. Founded in 1885, Thomas Miller's origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors; where today they manage a large percentage of the foremost insurance mutuals.
Increasingly Thomas Miller applies its knowledge and expertise to the development of specialist businesses.
Principal activities include:
- Management services for transport and professional indemnity insurance mutuals
- Managing general agency
- Professional services including legal services, claims and captive management
- Investment management for institutions and private clients