HWI Marine Commodities Booklet

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Commodities & Cargo Practice Hugh Wood Inc. Global Independent Insurance Brokers

Transcript of HWI Marine Commodities Booklet

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Commodities & Cargo Practice Hugh Wood Inc.

Global Independent Insurance Brokers

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Our Trading Principles

We are proud to be an independent and privately owned global insurance broker with direct access to both Lloyd’s and all major insurers around the world. We are not conflicted by or accountable to corporate shareholders or owned by an insurance company.

Our people and our reputation are our assets. We have worked hard to create an exceptional team of high caliber insurance professionals, who are passionate about clients, aspire to be seen as a trusted partner and relish the opportunity to challenge convention.

We have an excellent reputation for integrity and professionalism. Our clients’ interests always come first. We have an uncompromising determination to achieve excellence in everything we undertake. We believe that client service is rewarded with client loyalty.

Our specialist teams work in partnership delivering a full service approach based on our clients’ needs, allowing us to deliver integrated solutions which are fit for purpose. We constantly strive to anticipate the rapidly changing needs of our clients and to develop new services and products to address these.

We focus on industry sectors where our experience, expertise and resources set us apart from our competitors. Our dedicated risk management and claims management teams are vital to us in delivering a complete proposition to exceed our clients’ expectations.

Without question we are able to compete at the highest level and leverage our well respected market position; yet small enough to give a professional and personal advisory service.

We help our clients navigate risk locally, nationally and internationally

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International Network

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International Network HW International Group

New York, NY, United States Philadelphia, PA, United States Seattle, WA, United States Bellefonte, PA, United States London, United Kingdom Stevenage, United Kingdom Toronto, CanadaCologne, GermanyHamm, GermanyParis, FranceMadrid, SpainHawthorn, Australia Melbourne, Australia Athens, GreeceHong Kong, China

HWI Global Partners The HW International Group has worked to develop partnerships with likeminded brokers across the globe. Instead of relying on the references of others, we have strived to cultivate our own unique relationships with impressive local organizations. This allows us local connections that few others have

Amsterdam, Kingdom of Netherlands

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HWI Quick FactsH W International Group

• Major international fully accredited Lloyd’s broker through H. W. Wood Limited• Privately owned business• Established over thirty years• Clients in over seventy countries• Staff across sixteen offices throughout the world• Tough negotiators on price and scope of cover• Well respected by insurers• Truly independent broker

What we deliverTransparent remunerationClear objectivesBalance sheet protectionCompetitive pricingComprehensive scope of coverContinuity of service teamSector expertisePro-active risk managementWe work hard for our clients and not insurers

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Hugh Wood Inc.

Hugh Wood Inc. a member of the HW International Group, is a leader in global insurance broking. Over the last 30 years, HWI has grown to include offices in major cities across the globe. We are capable of placing any risk in any of the global insurance markets. In addition to our global presence, HWI is still a privately held independent agency. This allows our brokers to provide the excellent client services, and to maintain close relationships with both clients and underwriters.

HWI has specialists in a wide variety of industries across multiple countries. These industries include commodities, commodity traders, blue and brown water marine hull, international marine cargo & liability, ports & marine terminal operators, real estate, fine art & collectibles and several others.

The ability to draw on combinations of these specialties allows HWI to place complicated policies with the experience of an expert in related fields.

The HWI office in London is located around the corner from Lloyd’s of London. This allows HWI direct access to the most diverse insurance market in the world. Lloyd’s is just one of our many resources for placing risks. HWI is recognized as tough negotiators on price as well as protection. Risk placement is a specialist skill and a strong negotiating team delivers enormous added value to our clients. Responsibility for broking remains with the client service team, who have a good understanding of your business, its objectives and future strategy.

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Hugh Wood Inc. provides a clear advantage to our clients. In the United States, we have senior marine professionals in New York and Seattle, who have the proven capabilities to analyze and market all classes of marine risks.

We have access to decision makers in the global marine insurance marketplace, who can provide a single focus of product innovation. These professionals are dedicated to creating results driven, yet sustainable, insurance solutions that respond to your marine risk needs.

At Hugh Wood Inc. and HW International Group we pride ourselves in maintaining the ability to offer quality, competitive and personalized services to our clients that are often forgotten in today’s ever-changing insurance broking world.

Internationally, we have global leaders in marine insurance in our offices in London, Athens, and Paris. It is easy for our Marine Claims Group, Marine Risk Management Team and Property and Casualty brokers to collaborate worldwide.

Hugh Wood Inc. Marine Practice

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CargoWe have a dedicated team of marine specialists with significant experience in arranging comprehensive insurance solutions for any type of cargo/transit risk.

We handle all types of cargo and product lines including, but not limited to:

• Global Stock Throughput Policies (Inventory/Storage Risks)• Agribusiness• Aquaculture/Fresh & Frozen Seafood• Chemical/Pharma• Commodity Trader Risks• Oil and Products• Industrial Metals• Precious/Rare Metals• Retail Trade Industry• Marine Consequential loss (project business interruption)

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Commodity Trade InsuranceCommoditiesThere are numerous risks and special circumstances that apply to the business of Commodity Trade. Hugh Wood Inc.’s commodity insurance specialists are immersed in the unique risks and operations of commodity traders. After a thorough review of commodity types, shipping routes, and business structures, HWI is able to design a program that provides maximum coverage through the best global underwriting markets. We understand that commodity trading includes a set of risks that are unique to shipping risks, and our policies are designed specifically with those in mind.

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Commodity Trade Insurance What we Offer:

• Insurance coverage for Bulk Shipments via Vessel,Chartering Vessels, Storage, Financial Risks or Trade Creditand other risks to build the perfect policy for you.

• Hugh Wood Inc. Manuscript Marine Cargo Form - Broadbased policy protection in contrast to today’s standardmarket Underwriter forms.

• Specialized Commodity Insurance Clauses to address theunique needs of Commodity Traders, Importers andExporters.

• Product Benchmarking Analysis - We can quickly determinewhether you have a competitive and ComprehensiveProgram against your peer industry competitors.

• Marine Claims Service Capability for steel, chemical/petrochemical, oil and other commodities. In event of a lossplease note Hugh Wood Inc. currently has a team of CargoLoss Adjusters with over 45 years of experience handlingCommodity Claims. This group has the necessary insuranceproduct/market knowledge and relationships to leveragedifficult losses into paid claims.

• In House Risk Management Consultants ensuring the bestpossible advice for Risk Control and the best service shoulda loss occur.

Financial InstitutionsThe risks to a financial institution involved in commodities trading are often hard to discern. The HWI Commodities Team can analyze insurance exposures, design comprehensive insurance coverage, and perform risk management consulting services.

With the global reach of the HW International Group, we can place coverage in the international marketplace to ensure the best and most affordable insurance program.

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Marine ClaimsMarine is a highly specialized area within the insurance industry. As a result, our claims team works very closely with the brokerage staff - not just when a claim occurs, but throughout the entire process of servicing the insured. We bring together both Claims and Risk Management Services delivering prompt and expert results to our clients.

We are guided by a commitment to provide the most comprehensive claims service possible to meet the needs of our clients, prior to and during a claim occurrence. Our goal is to achieve and maintain the highest possible standards of quality, service, integrity, confidentiality and professionalism.

The HWI Marine claims team is a dedicated group of industry professionals who adhere to our commitment of excellence in servicing our clients’ needs.

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Marine Facts

Data as of March 2015

52 marine professionals across the H W Wood International Group

Marine brokers in New York, Paris, Amsterdam, Hong Kong, Madrid and London: 18

6 marine claims professionals in New York, Amsterdam and London

There are 10 Marine client services support staff members in New York and London

Marine revenue represents over 25% of total worldwide group revenue

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Hugh Wood Inc. Marine Team

New York Service Team

Richard J. Haverlin Jr. Managing Director of Marine [email protected]

Allen Brod Consultant [email protected]

Chuck PappasAccount Executive [email protected]

William E. Casulo Vice President Marine Finance [email protected]

Schachar Gilad Marine Account Executive [email protected]

Marine Claims

Elliot Williams Vice President [email protected]

Nancy Valenti Technical Claims [email protected]

HWI France- Paris

Merlin Haddon Director [email protected]

Severine D’AbovilleAdjunct [email protected]

HWI Canada- Toronto

Dennis McNeil Senior Vice President [email protected]

Scott Manson Vice President [email protected]

HWI London

Steve Rudduck Director [email protected]

Anthony LeeHead of Claims [email protected]

Lucinda Noakes Senior Broker Cargo [email protected]

Peter MercuryCargo [email protected]

HWI Amsterdam

HWI Hong Kong

Erwin Slagter Branch Manager [email protected]

Patrick RoodbolAccount Director [email protected]

Kevin OvertonManaging Director

Takahito IshikawaJapanese Practice Group Leader [email protected]

Angela PienemanSenior Broker [email protected]

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Hugh Wood Inc. One Exchange Plaza 55 Broadway, Floor 24 New York, NY

10006

212.509.3777

www.hughwood.com