5th Greek-British Shipping Forum at the Ambassador’s Residence in Athens
On 26 June 2019 Richard Meikle, Solis Marine’s London General Manager, was in Athens for the 5th Greek British Shipping Forum which was held at the UK Ambassador’s Residence.
Co-organised by Maritime London and the Department for International Trade in Greece, the seminar consisted of two sessions, ‘Innovation in Marine Insurance’ and ‘Assessing Ship Finance Options’.
Welcome addresses for the event were made by Her Excellency Kate Smith the UK’s Ambassador to Greece and Maritime London’s Chairman Lord Mountevans.
Richard was a panellist for the discussion on “Innovation in Marine Insurance” discussion which brought together leaders in the marine technology, consultancy, legal and insurance industries form the London market, in order to dissect the technological revolution occurring within the sector and to analyse how it will improve vessel efficiency. The other panellists were Simon Lockwood, Senior Director, Marine, Willis Towers Watson, Nick Maddalena, Head of Insurance Business, Windward; the session was moderated by Gordon Robertson, Director (Greece) of the North of England P&I Club.
The discussion included the impact of blockchain, big data and virtual reality which are changing the nature of marine insurance as well as how virtual reconstructions, such as those provided by Solis, can accurately replay the events leading up to a marine causality, speeding up the claims and dispute process.
The ‘Assessing Ship Finance Options’ panel considered how the ship finance market was becoming increasingly diverse: private equity, institutional investing, leasing and capital markets which are all pitching for shipowners’ business. This panel also assessed the various options in the market, their strengths, weaknesses and how London based firms have the knowledge and expertise to advise and facilitate finance in what is an increasingly complex market to navigate.
The event concluded with a networking lunch where the discussions continued in the suitably impressive surroundings of the Ambassador’s Residence.