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Meridian wishes to announce Q1 2010 personnel additions

Meridian is pleased to announce the addition of two well respected industry veterans to the group in Q1 2010. These additions are in conjunction with developing client-facing and market-facing needs in the traditional and alternative energy fields.  Peter Young located in  London UK and David J. Webster of the US  SE region bring extensive senior level management experience in underwriting, brokerage and risk management in the Energy world that will benefit Meridian’s clientele.  Bio’s for the two follow:

Peter Young -London –

Meridian Consulting Group LLC

Peter joined Meridian in 2010 to represent them in the London market.  He has over 40 years experience in the Insurance industry with an extremely diversified background. Having worked as a Head Office underwriter with a major UK Insurer his sense of adventure led him into the broking sector and a move to Africa where he spent 10 years managing local offices in West & Southern African for the Minet Group.

On his return to London he specialized in the management of the Global programmes for UK based multi nationals. This experience developed into working on a similar project for a major US Oil company which led to his transfer into the Energy sector, ultimately becoming the Managing Director of the Onshore Energy division of Minet. During this time he worked with a number of major Oil companies as well as the development of business in the Middle East.

He moved to Marsh in 1995 and was soon made Managing Director responsible for their Energy business in Asia/Pacific. Initially based in London he later lived in Singapore for 2 years and during this time he worked with the Risk Management departments of all the worlds’ major Oil companies as well as the national Oil companies throughout Asia.

More recently he has worked as a Consultant with the London and Asian offices of a major International law firm and on behalf of a newly established Lloyds syndicate, based in Singapore as head of Business Development.

David J. Webster-Meridian Consulting Group LLC

David brings to Meridian a lengthy professional career which began with the Northern Assurance Group in Glasgow, but which soon led him into risk management because of his interests.  David qualified by examination as an Associate of the Charter Insurance Institute early in his professional career. As a Risk Manager he has worked for major companies such as Boskalis Westminster Dredging, Viking Offshore Pipelines, British Petroleum and Shell Exploration and Production.

As a Senior Risk Manager with British Petroleum in the UK and US, David handled some of the largest exposures in the worldwide insurance markets.  In that capacity he adopted and used the latest risk management techniques available to transfer and offset risk including the use of Captive Insurance. He also negotiated the most favorable terms and conditions for major construction and operational and charter contracts on behalf of his employer.

While with Shell as an Insurance Consultant, David played two leading roles on behalf of the Oil Industry in helping to introduce the first standard forms of contract for the offshore industry, known as the CRINE contracts and also in attempting to reach an agreement between the UK Government and the Oil Industry in relation to security aspects relating to the future abandonment of North Sea Oil related structures.

While with British Petroleum in Cleveland at the time of the takeover of the Standard Oil Company of Ohio (SOHIO) part of David’s responsibilities were, the management of a large number of personal injury related lawsuits (excluding Workers Compensation) in all geographic areas of the USA where BP/SOHIO operated.

David has traveled extensively for his past employers and is enthusiastic and passionate about both the oil and insurance industries and is prepared to travel on behalf of Meridian clients, as their needs require.

Born and raised in Scotland, David’s interests are DIY, golf and rugby. In his earlier years he played on a leading Scottish Rugby Club team and was on the team that won the Scottish Rugby Championship.

Meridian is a highly dynamic specialized insurance consulting group and broker with offices in Boston, MA, Newport, RI and Brookfield, CT. We specialize in risk management and risk transfer for traditional and alternative energy companies. We are members of the International Energy Credit Association and the Connecticut Maritime Association. Our Mission is simple.  We seek to help our clients make the best risk and risk transfer decisions possible.

We bring market-leading service to the most creative solutions in the risk management field to ensure that each Meridian client achieves their risk objectives. MERIDIAN -YOUR RISK RETHOUGHT.

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