Pascal Ray is the Upstream Energy practice leader for AmWINS Group, Inc. and is a national resource in these areas. Pascal’s experience includes developing and managing Energy & Marine underwriting programs. Pascal has created, developed, and managed Energy and Marine Binding Authorities on behalf of the US Domestic, the London, and Bermudian insurance markets for the last 25 years.
Pascal is an instructor for Energy and Marine insurance continuing education courses in his local community and has written and participated in articles involving Energy and Marine industry insurance issues. Current topics of issue include emerging with Hydraulic Fracturing in the Oil & Gas industry and the changing legal environment and risk for the Maritime Industry.
Pascals’ expertise in these specialty market niches is passed on to his retail agents. Retail agents who have prospects in the Energy and Marine industries, but do not have the experience and expertise, align themselves with Pascal to help them land new business.
The landscape of punitive damages for maritime employers is changing. Punitive damages have, in the past, been generally available under general maritime law but rarely implemented since the 1990 Supreme Court decision in Miles v. Apex Marine Corp., 498 U.S. 19 (1990).1 Developments arising out of the litigation from the BP/Transocean disaster leave maritime employers […]
The issue of punitive damages has become significant for maritime employers with employees working on maritime vessels since the June 2009 United States Supreme Court ruling in Atlantic Sounding Co. v. Townsend that made punitive damages allowable under Maintenance & Cure. In late 2010, a $25,000,000 verdict was issued in Doe v. Maersk Line Ltd., […]
Over the last two years, new technology has made unconventional drilling a viable, cost-effective way to extract oil and gas from shale. This new technology is based on advanced horizontal drilling techniques that enable pinpoint accuracy combined with complex multi-stage hydraulic fracturing (“fracking”) techniques over significant distances horizontally. This shift has resulted in new insurance […]