CCAA and Eagle Partner to Recognize Workplace Competency

March 22, 2017 Bernie Cissek

The Canadian Council for Aviation & Aerospace is pleased to announce a strategic partnership with Eagle Underwriting Group that recognizes CCAA Partners and their commitment to workforce competency. Eagle Underwriting Group already offers a comprehensive suite of Risk Management and Insurance Solutions for the Aviation and Aerospace Industries, whilst CCAA National Occupational Standards and certification process remains the only program to recognize both knowledge and competence in 29 specific Aviation & Aerospace occupations.

In a new program that launched November 1^st 2016, Eagle Underwriting Group will extend specific discounts to CCAA Partners that reflect their implementation of the CCAA program and the certified competence of their workforce. Competitive discounts are offered for companies who are current CCAA Partners. In addition, Eagle Underwriting’s discounts increase based on the recognized workforce competence provided by the CCAA.

Mike Wills, President of Eagle Underwriting Group stated, “We see a direct correlation between a well-trained and competent workforce and the level of risk a company represents when purchasing insurance. The CCAA system gives us a national, uniform approach to assessing this within the aviation and aerospace sector and we are delighted to reflect this in the competitive rates that we offer. We will be happy to discuss any insurance needs with CCAA Partner companies and their insurance brokers.”

Robert Donald, Executive Director CCAA said “I am very excited about this partnership with Eagle Underwriting Group. Not only does it recognize the work that has gone into developing the CCAA program over the years, but it also offers a tangible benefit to our Partners who have devoted time and effort into implementing it. I look forward to a long and mutually beneficial association between CCAA and Eagle Underwriting group.”

For enquiries on Eagle’s partnership with CCAA, Contact Eagle Underwriting at:
info@eagleunderwriting.com

Contact CCAA at:
http://www.avaerocouncil.ca/

Eagle Underwriting teams up with RaetsMarine

March 16, 2017March 16, 2017 Bernie Cissek

Canadian based Eagle Underwriting Group Inc. teams up with MS Amlin Marine NV trading as RaetsMarine to offer P&I and Charterers’ Liability insurance to the Canadian Marine Market.

Established in 1996, Eagle Underwriting is a managing general agency offering insurance coverages for “Things That Move” such as Marine and Truck Cargo, Aviation and UAV, Marine Hull, Marine Liabilities, Logistics providers, Environmental Liability, Political Risk and Trade Disruption Insurance.

Established in 1993, RaetsMarine is a leading worldwide operating fixed premium provider specialized in Protection and Indemnity insurance and Charterers’ Liability Insurance.

Eagle Underwriting will be offering P&I and Charterers’ Liability insurance on behalf of RaetsMarine. The combination of the intrinsic local expertise of Eagle Underwriting together with the specialist knowledge and service platform of RaetsMarine provides an unrivalled combination of expertise.

Bernie Cissek, Chairman of Eagle Underwriting said:

“Our mutual expertise in combination with the bespoke insurance solutions that we offer results in what we believe to be a fresh and unique proposition to the Canadian Market”

Bert Scheper, Underwriting Director of RaetsMarine said:

“The cooperation with Eagle Underwriting provides us an excellent gateway to the Canadian Market. Eagle Underwriting’s knowledge of the local market will allow us to grow our business in the Canadian Market”

Contact Eagle and RaetsMarine

Eagle Underwriting Group Inc

Bernie Cissek

Tel: 905-455-6608

www.eagleunderwriting.com

info@eagleunderwriting.com

RaetsMarine Insurance B.V.

Bert Scheper

Tel: +31 10 24 25 000

www.raetsmarine.com

office@raetsmarine.com

Introducing Andrea J. Sterling

March 9, 2017March 16, 2017 Bernie Cissek

Eagle Underwriting Group Inc is pleased to announce the addition of Andrea J. Sterling, BCL, LLB, as Vice President of Claims and Risk Management.

Recently a partner of a major insurance law firm in Montreal, Andrea brings over 20 years of experience in maritime, transportation and insurance law. Andrea has a particular skill in efficiently negotiating and settling insurance claims. “I am very passionate about assisting others through difficult situations, and I look forward to working with our brokers and clients to provide them with claims service that is over and above their expectations’, says Sterling.

The addition of Andrea greatly expands Eagle Underwriting Group’s ability to provide comprehensive services in the management of claims, both before and after a loss. Her experience in subrogation, contract and risk management will be a tremendous asset to both brokers and clients, minimizing the impact of losses and ultimately increasing their bottom line.

Contact Andrea at:
asterling@eagleunderwriting.com
(905) 497-6609

Eagle Underwriting Expands into Fine Art and Specie Insurance

September 30, 2016September 30, 2016 Bernie Cissek

To some, a painting, a classic car and other collections are more valuable than simply their monetary value. A standard insurance policy may give options to extend coverage for these items but only a monoline policy will ensure all aspects of risk are addressed. Eagle Underwriting Group offers a specialized approach to the client’s Fine Art insurance needs.

Recently, Eagle has brought Veronica Piñon-Standen on board to lead the development of the Fine Art and Specie division. After 12 years in the Fine Art and Specie insurance market in London, Veronica has gained a strong reputation and knowledge in the class. “With the rapid growth of Eagle’s product lines, Veronica brings the perfect combination of energy and expertise to the team in order to lead our Fine Art and Specie division,” says Mike Wills, President of Eagle Underwriting Group Inc. “We are excited to launch this new division which further strengthens our position as Canada’s leading provider for insurance for Things That Move™”.

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Trade Disruption Lessons From Hanjin

September 12, 2016 Bernie Cissek

Following several quarters of financial difficulties, banks stopped providing financial support to Hanjin Shipping, which has triggered their restructuring and payment default to several counterparties, inclusive of fuel suppliers, port authorities and even its employees. Hanjin Shipping reported a net loss of $233.6 million in Q1/16 citing freight rates’ drop to record lows. By last Friday, Hanjin said 44 out of its 98 container ships have been denied access to ports around the world and one ship was seized. Hanjin isn’t alone in struggling in the current market, several transportation companies have been dealing with increased volatility in fuel costs and currency swings that test even the most sophisticated and larger operators.

Hanjin’s demise demonstrates the perils several companies face in regards to Trade Disruption. Either directly owned money by Hanjin (its suppliers) or having products sitting in containers on their ships (its clients) where its unlikely these products will reach destination in time for their optimal distribution, several dozen companies are now struggling to figure how they will survive without the funds or with contractual penalties deriving from the shipper credit default. Companies of all sizes can run counterparty risk scenarios, however the reality is, these scenarios are only as good as the real protection arranged to indemnify the company, in case they occur.

Daniel R. Galvao
Trade Credit

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