Steamship Mutual appoints Quartermaine as Head of Underwriting

The Club has issued the following Press Release:

Steamship Mutual, the leading P&I Club, today announces that Stephen Quartermaine has been appointed Head of Underwriting. He takes over the role from Gary Rynsard, the Chief Operating Officer. Effective immediately, Mr. Quartermaine will be responsible for overseeing and coordinating Steamship Mutual’s global underwriting strategy. 

The Club’s aim is to achieve continued growth in its membership without jeopardising its strong financial position. Earlier this year Steamship Mutual posted record results, announcing a 9% growth in its entered tonnage combined with an operating surplus of USD27.6 million and a 17.5% increase in free reserves. Mr Quartermaine’s appointment will ensure the continuation of this strategy of robust but disciplined underwriting. 

James Stockdale, CEO, commented,

“Stephen’s appointment is integral to the Club’s future financial success. The P&I market continues to experience record levels of large claims and, in such a challenging environment, we must pursue a strong policy of prudent risk and financial management combined with sound underwriting if Steamship Mutual is to flourish as a top tier Club.” 

…Ends… 

Note to Editors: Additional comments are available upon request  

Press contact:

Richard Stace
+44 (0) 7917 410 320
richard.stace@simsl.com   

About Steamship Mutual

Steamship Mutual (managed by Steamship Insurance Management Services Limited) is a leading provider of Protection & Indemnity (P&I) insurance. As one of the largest P&I Clubs in the International Group, Steamship Mutual insures a diverse range of shipping around the globe, for both shipowners and charterers. 

Steamship Mutual offers a comprehensive range of P&I products and ancillary covers. The Club consistently delivers a first-rate service to its Members, providing high quality professional claims management and services, backed by a stable financial position and strong free reserves.  

With offices in London, Bermuda, Hong Kong, Brazil and correspondents in every major shipping port worldwide, Steamship Mutual employs highly professional and experienced staff including qualified lawyers, ex-senior mariners, and specialist insurance and claims experts. 

For further information visit: www.simsl.com