Leadership & Scope
of Influence

Leadership & Scope of Influence

Leadership

West is a mutual marine insurance provider. It is governed by its regulated Luxembourg Board which represents the Club’s Members and is supported by a Members Committee. The daily management of the Club is delegated to a wholly owned management company, which has responsibility for ESG and sustainability issues.

ESG & Sustainability has been embedded in the Manager’s operations, guided by a designated ESG Manager and an ESG Committee which is comprised of employees from across all departments and regions in which the business operates, Chaired by the ESG Manager and

reporting to the Club’s Corporate Director and Head of Asia. The role of the committee is to assess risks, identify gaps, address issues, raise awareness and ensure that the Club’s ESG & Sustainability strategy is in compliance with industry standards, that it anticipates future requirements and is aligned with the wider business strategy.

Our Employees

As part of our commitment, West has focused on raising awareness and training of its staff on ESG & Sustainability related issues, including how these issues may influence not only the scope of their direct function but also their wider role in the organisation.

Our Portfolio

At West our portfolio amounts to 90.1% of mutual tonnage, ranging from Bulkers, Tankers, Containerships, Passenger, MPV’s and specialist vessels which cover all geographical regions. It is therefore of imperative importance that as a mutual marine insurance provider, our industry-leading experts can advise Members on all aspects of their liability exposure, including crew safety and pollution prevention, as well as delivering effective claims handing services to help mitigate the negative environmental impact and beyond.

Our Stakeholders

Collectively Stronger

As a member of the International Group, collectively insuring the liabilities of around 90% of the world’s ocean trading tonnage , we speak with a unified voice on issues of importance to Clubs and our Members, work closely with other stakeholders to help raise vessel standards, advance the safety of life at sea and share knowledge to reduce the frequency and impact of maritime incidents. Collectively we are stronger.

The comparative detention rates for Group and non-Group insured tonnage can be seen in 2020 data published by Equasis and which highlights the percentage of ships detained by Port State Control in connection with safety, health or environmental deficiencies.¹

1. Equasis 2020; GT>500; Detentions in Paris MoU. Tokyo MoU, IO MoU, USCG, VDM
and Med MoU divided by total number of inspections.