After 27 years’ solution as Chief Executive Officer of Shipowners Claims Bureau,Inc (SCB), the Managers of the American P&I Club, Joe Hughes will certainly stand down from that duty on August 1, 2022. Dorothea Ioannou, presently Deputy Chief Operating Officer of SCB, will certainly do well Hughes as chief executive officer from that day, making background as the very first lady to rise to the magnate placement of an International Group P&I club in the 167 year background of the aquatic mutuals.
At the very same time, Vince Solarino will certainly tip down as Chief Operating Officer of SCB,Inc after a comparable size of solution to that of Hughes, with Dan Tadros, currently Chief Legal as well as Compliance Officer of SCB, taking control of the duty of COO from Solarino.
Arpad Kadi will certainly remain to release his obligations as Chief Financial Officer as well as Tom Hamilton will certainly proceed in his duty as Chief Underwriting Officer.
At the current conference of the American Club’s Board of Directors at which this information was revealed, it was clarified that Hughes as well as Solarino would certainly stay, specifically, as Chairman as well as President of SCB to concentrate on the transitioning of their everyday functional duties to their elderly associates, led by Ioannou jointly with Tadros, Kadi as well as Hamilton, as well as sustained by SCB’s solution groups throughout the globe.
Hughes was initially hired as Chairman as well as CHIEF EXECUTIVE OFFICER of SCB (after that possessed by Johnson & &Higgins )in 1995, to lead the American Club’s Vision 2000 campaign to internationalize as well as expand its service. Prior to relocating to New York, Hughes, an Oxford- informed lawyer by training, operated at both Steamship Mutual as well as Gard, later on coming to be chairman of the worldwide aquatic procedures of JIB International, component of the Jardine Matheson Group, in the very early 1990s.
Solarino signed up with Hughes soon after the latter’s arrival in the United States, coming to be CFO and afterwards President as well as COO of SCB in 1999. A grad in service management as well as licensed accountant with varied industrial experience, Solarino played an essential duty in collaborating with Hughes to achieve the inauguration of the American Club as a complete merging participant of the International Group of P&I Clubs in February 1998.
Having developed Eagle Ocean Management, LLC to get SCB from Marsh & & McLennan (the follower to Johnson & & Higgins) in 2002, Hughes as well as Solarino consequently established extra industries, most especially in the type of Eagle Ocean Agencies,Inc which, along with running the Eagle Ocean Marine (EOM) brand name of the American Club, likewise works as a program manager for Validus/ AIG in financing united state hull as well as responsibility cover under the Eagle Ocean America banner.
Ioannou was birthed, increased as well as informed inNew York A grad of the City University of New York as well asSt John’s University School of Law, she transferred to Greece in 1997. After functioning initially in lawful technique as well as insurance coverage broking, Ioannou signed up with the newly-established SCB (Hellas), Inc., the Piraeus asserts intermediary workplace of SCB, in 2005. Initially used as an insurance claims exec, Ioannou consequently increased to be the General Manager of the workplace in 2009, Regional Business Development Director in 2013 as well as Global Director of Business Development for the American Club in 2015. As component of SCB’s sequence strategy, Ioannou transferred to the business’s head workplace in New York in 2018. Having been assigned Deputy Chief Operating Officer some 3 years earlier, as well as Secretary to the American Club in 2020, Ioannou’s altitude to Chief Executive Officer since August 1, 2022 has actually been come before by expanding exec duties over numerous years.
Dan Tadros signed up with the Club’s monitoring group in July, 2019 as SCB’s Chief Legal as well asCompliance Officer A U.S.-born, yet Greek- increased, grad of the University of Florida as well as the Loyola University School of Law, Tadros led the Admiralty technique at Chaffe McCall, LLP, a leading maritime industrial law practice based in New Orleans as well as Houston, prior to signing up with theManagers In enhancement to his lawful skills, Tadros offers his brand-new duties significant experience in the operating demands of maritime company such as SCB. He is likewise popular as well as extremely related to within the International Group, having in the earlier phases of his job stood for various clubs throughout a variety of lawsuits as well as various other issues.
Speaking in New York on the news of this information, Hughes stated, “The last 27 years have been the most consequential of my professional life. The outlook of the American Club was, by common consent, not entirely promising in 1995, but it has enjoyed extraordinary growth and development since then. My colleagues and I take pride in the collective efforts which, over the years, have brought us to where we are today – marine insurers commanding universal respect within the industry. Most importantly, I have every confidence that Dorothea, as the first female CEO of a Group club management company, and Dan, together with Arpad and Tom, with the support of everyone in our service teams across the world, will take the Club and EOM to yet greater success over the years ahead.”
Solarino stated, “I entirely endorse Joe’s remarks. We have confronted many challenges over the last 25 years or so but, with the support of our professional colleagues, our Members, their brokers, the Club’s Board and our many other friends across the globe, we have been able to expand and diversify our operations to achieve the highly regarded position we enjoy within the maritime community today. We extend our congratulations to Dorothea and Dan, who we are confident will continue the Club’s mission with the same enthusiasm and success. Joe and I remain committed to supporting our excellent global teams who have become both our family and our legacy. We are stepping aside, not stepping out!”
Ioannou stated, “I am thrilled and excited with this new appointment, which as a woman carries with it not only responsibility and significance for our organization, but also, as a first in the P&I sector, for the marine insurance industry in general. I have from the start been proud of working with SCB, the American Club and EOM and the team of talented professionals across the world with whom I have spent the last 17 years. I have been particularly privileged by the mentorship of Joe and Vince and I look forward to building on the achievements of the past to generate yet further success in the future.”
Tadros commented, “The recent years during which I have had the privilege of serving SCB, the American Club and EOM have been enriching, not to mention educational, quite nicely dovetailing my time as a maritime lawyer. I am excited about and look forward to assuming my new responsibilities as SCB’s COO over the months ahead, and to working with my exceptional colleagues across the world in developing future success together.”