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Olivier is new Chairman of UK Club

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Alan Olivier

Alan Olivier

Alan Olivier was elected Chairman and President of the UK P&I Club at their Board meeting in Bermuda on October 28th. He succeeds Mr Dino Caroussis who has retired from the Board.

Mr Olivier, 53, Chief Executive Officer of Grindrod Limited, became a Director of the UK Club in 2000 and a Deputy Chairman in 2006. Mr Caroussis, 61,
of Chios Navigation, had been the Club’s Chairman for the past five years
having  joined the Board in 1996.

Following the Club’s Annual General Meeting seven new Directors joined the UK Board. They are Sheikh Talal Al-Khalid Al Sabah of Kuwait Oil Tanker Company;Angela Chao of Foremost Group, New York; Michael Fostiropoulos
of Almi Tankers;Polys Hajioannou of Safe Bulkers, Athens; Edouard
Louis-Dreyfus of Louis Dreyfus Armateurs, Paris; Paul Wogan of Gaslog, Monaco; and Riad Zein of Naftomar Shipping & Trading, Athens. (please see herebelow brief business curricula).

Alan Olivier
Mr Olivier joined Grindrod in 1986 in the shipping division and held senior treasury
and financial positions before his appointment as chief executive of Unicorn Shipping
in 1995. He was appointed to the Grindrod Limited board in May 1999 where he is
now chief executive. Alan is a director of local and international subsidiary
companies, including Grindrod Bank Limited.
A photograph of Alan Olivier is available on:

Sheikh Talal Al-Khalid Al Sabah
Sheikh Talal Al Khalid Al Sabah is the Chief Executive Officer of Kuwait Oil Tanker
Company in Kuwait. He joined Kuwait Oil Company in 1983 after graduating in
business administration and gained his MBA in 1986. He was formerly Managing
Director of Petroleum Services at Kuwait Petroleum Corporation, and Chairman of
the Oil Sector Services Company.

Angela Chao
Ms. Chao is Deputy Chairman of Foremost Group, New York with a particular
professional focus on finance, chartering and ship management. After graduating in
economics from Harvard, where she is now on the Harvard Business School Board
of Dean’s Advisors, Ms Chao pursued an investment banking career with Smith &
Barney before joining Foremost Group in as Vice President for ship operations and
ship management in 2001.

Michael Fostiropoulos
Mr Fostiropoulos joined Fairsky in 2001 after gaining a post-graduate degree in
Shipping Trade and Finance from the Cass Business School in London. After a
period of national service with the Greek army, he became chief executive officer in
2005. In 2009 he established Almi Tankers together with his brothers John &

Polys Hajioannou
Mr Hajioannou is chairman and chief executive of Safe Bulkers Inc., but began his
shipping career in 1987 with Alassia Steamship. A nautical studies graduate he was
elected to the board of the Union of Greek Shipowners in 2006 where he served until
2009. He is also a founding member of the Cyprus Union of Shipowners and a
member of the Lloyds Register Hellenic Advisory Committee.

Edouard Louis-Dreyfus
After graduating in law from University of Paris X Nanterre and the French Business
School of Rouen (ESC) Mr Louis-Dreyfus’ early career was as a trader for Texaco.
After a period trading for Louis Dreyfus’ London group he began his maritime career
in 2004. A member of Louis Dreyfus Armateur’s Executive Committee he was
appointed vice-president in 2009 and CEO in 2010.

Paul Wogan
Paul Wogan is the chief executive of GasLog, a Monaco-based owner and operator
of liquefied natural gas ships and part of the Peter Livanos Group. Mr. Wogan has
previously served as a director of UK P&I Club from October 2006 to February 2008
when chief executive of Teekay.

Riad Zein
A graduate in chemical engineering, Mr Zein, gained a postgraduate degree in
Integrated Chemical Plant Design. He worked briefly in the Kuwaiti petrochemical
industry before joining Naftomar Shipping and Trading in 1984 where he is President
and Chief Executive Officer.

UK P&I Club
The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited is
generally known as the UK P&I Club. As a mutual association, the UK Club has no outside
shareholders and no financial links with other organisations. Since its establishment in 1869,
the Club has existed solely for the benefit of its members. Its structure as a mutual insurance
association enables it to respond to the changing needs of its assureds and allows it to
provide superior service, attention and coverage.

The UK P&I Club is directed by the members. Overall control lies with the directors, elected
by the members from amongst themselves. The directors normally meet four times a year to
formulate policy on calls, the scope of cover, finance, underwriting and claims matters,
reinsurance and issues affecting the P&I world. They resolve specific claims which may not
fall clearly within the cover.

Thomas Miller, the Club’s managers, is organised to respond promptly to requests for
assistance and to provide informed advice and help with members’ claims. Individual support
goes far beyond that normally provided by a commercial insurer.

The UK Club’s size and the scale of the managers’ operations has enabled the latter to
develop specialist skills and expertise seldom seen in marine P&I.
In 350 ports around the world, on-the-spot help and local expertise is always available to
members and the masters of their ships from the Club’s 460 correspondents and claims
handling services and advice from the network of offices and branches in London, Piraeus,
New Jersey, San Francisco, Hong Kong, Singapore, Tokyo, Beijing and Shanghai.

Thomas Miller
The Thomas Miller Group manages a number of world-leading mutual insurance
organisations or “clubs, ” providing insurance for shipping, transport and professional
indemnity risks; and captive insurance companies in the Isle of Man and Bermuda. Thomas
Miller provides risk management consultancy services and, through its regulated specialist
subsidiaries, delivers a full investment management service to mutual clubs, captives and
other clients. The firm incorporated in 1999 and is owned and controlled by its 550 employees

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