Apparently determined to deepen the body of knowledge in the nation’s insurance sector, Globetrade Insurance Brokers Limited has partnered a London-based firm to train insurance practitioners in the specialized area of energy insurance.
Globetrade Insurance Brokers’ partnership with Alwen Hough Johnson, a firm registered at the Lloyds, is designed to drill insurance managers in oil and gas insurance.
The partnership was brought to the fore when the duo organized a one day lecture on oil and gas insurance in Lagos recently.
The training session which was at no cost to the participants was held at Reinsurance House in Lagos with no fewer than 10 insurance organizations sending participants to it.
Organizers of the training session who scheduled the event to run on rotational basis, have confirmed that the second leg of the high technical gathering would hold in Qatar later this year.
Managing Director and chief Executive Officer of Globetrade Insurance Brokers, Mr. Sly Imarahi, who confirmed the plan for the Qatar leg of the training said that the oversea partners have virtually concluded plans for the all-important event.
According to Mr. Imarahi, the Qatar session will take participants through an over view of the London market regulations including premium payment warranties and non compliance in heavily regulated environment, how an insurer, broker and or reinsurer relationship can produce a win-win situation for all parties involved, understanding joint ventures within the upstream energy industry and the owner/contractor relationship as well as risk aggregation and clash.
He went further to remark that participants who will be drawn from insurance firms, broking and reinsurance houses as well as loss adjusting firms would be engaged in an interactive session with delegates from other markets during which they would be asked to provide their understanding of a number of acronyms.
Mr. Imarahi who practiced in the reinsurance market before joining the underwriting fraternity where her rose manage a couple of insurance firms including Destiny Insurance Company added that the Qatar training will also focus on global energy insurance and the role  cum relevance of treaty and facultative reinsurance.
“The second edition of this training is coming up in September in Doha, Qatar. Interested companies have started to send in their candidates for the programme. It will open on September 30, and end on October 3, 2014. We are expecting more nominations from within and outside the country. We are just putting finishing touches.
In view of limited space, admission will be on first come, first serve basis and only one delegate from each company. David Keen who is director of  Alwen Hough Johnson Brokers who was in Lagos for the first edition has confirmed his participation at the second edition. It will be rewarding to participants,” Mr. Imarahi explained.

Globetrade partners London firm to train practitioners on oil, gas insurance