New senior appointment at TT Club
21 November 2006
TT Club, the transport insurance provider, has announced the appointment of Mike Foster to the new position of claims director, responsible for claims management worldwide. Until recently, the Club has been managing claims on a regional basis reporting to senior executives in London. Mr Foster was formerly head of the UK and Irish business unit, a position he held since 2002.
Mr Foster is a well-known figure in transport insurance circles, having joined the TT Club's managers, Thomas Miller & Co, as a claims executive in 1995 after ten years as an insurance (claims) broker. He was previously the insurance manager of a freight forwarding and transport company.
Colin Lewin, TT Club's chief operating officer, said: "In our reshaped management structure the claims director is responsible for global claims policy and achievement of our claims performance indicators. While TT's regional claims offices will continue to handle all member's claims at a local level, Mike will lead the formulation and overall execution of claims policy within an effective and efficient control environment."
"Mike's years in the industry and deep understanding of the insurance needs of our members make him well qualified to take on this demanding role," added Mr Lewin.
In addition to claims policy, as claims director Mr Foster takes charge of significant elements of TT Club's performance against its business plan, including the system of claims controls, continuing professional training and development of claims executives, and the implementation of TT Club's major incident response capability.ENDSNote to Editors:
The TT Club is the international transport and logistics industry's leading provider of insurance and related risk management services. Established in 1968, the Club's membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits that include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.For further information please contact:
Ian Lush, Marketing Director, TT Club
Tel: +44 (0) 20 7204 2642
Peter Owen, ISIS Communications
Tel: +44 (0) 1737 248300
E-mail:firstname.lastname@example.orgA full archive of all TT Club news releases and photographs is available from the ISIS Communications Press Room at www.isiscomms.com
You may also be interested in:
Leading Insurance provider to the international freight transport industry, TT Club has published a mid-year trading update for the eight-month period 1 January - 31 August 2015.
A number of container lines have recently announced measures to discourage shippers from mis-declaring hazardous cargoes, which is a practice strongly suspected as being either the cause of, or at least contributory to, the spate of container ship fires in recent months.
TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2015, maintaining its A- (Excellent) rating by agency AM Best for the 10th consecutive year.
The Global Liner Shipping Conference to be held over the next two days in Hamburg provides a good opportunity for international freight transport insurer TT Club to continue with its mission to improve the poor safety conditions presently afflicting the shipping of hazardous materials