People at IUMI: Philip Norwood

How long have you been associated with IUMI?

I have been attending the IUMI annual conference for many years, and I have been an active participant and member on the Salvage Forum for the last four years.

What is your IUMI role today and what does it involve?

It is an expanding role. I am Chair, and currently Secretary, of the Salvage Forum and also now Secretary for the Offshore Energy Committee. With regard to the Salvage Forum I principally represent the hull and cargo insurers and my work entails encouraging salvors to work together with insurers in close cooperation for the salvage of ships and cargoes. The industry has changed and despite there being fewer problems at sea the claims are bigger because of larger and more advanced vessels operating.

And what is your day job?

My day job is at the Lloyd’s Market Association (LMA) where I am secretary of the Joint Cargo Committee. Working on the marine side I am also involved with marine underwriting and claims committees across the sector.  I also have an active role in the Lloyd’s Salvage Group.

What benefits do you get from being associated with IUMI? 

Besides being beneficial for all Members, I personally get a lot out of the absorbing work and I get to be involved with other work that I wouldn’t normally be associated with. It is nice to be part of something that has an impact on such wide-ranging issues, including at the IMO.

If you could change anything at IUMI what would it be?

My impression is that it is already a well-run and important organisation that has grown from strength to strength. I would like to see it continue to push out the good work IUMI does and to lobby where appropriate.

How did you reach your current position in marine insurance?

I started off on the claims side working for a broker, and then various insurers. Through this work I became involved in some difficult salvage claims and this work led me to the LMA.   

And what do you do away from the office?

Since starting a family my time away from the office is spent with my wife and daughter, which keeps me from anything enjoyable!