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Paul A. Riches

Independent Consultant

Biography

A leading independent insurance & risk management consultant who has specialized in the oil & gas and marine industries for over 50 years. After a distinguished 34 year career with leading London market energy insurance & reinsurance broker Sedgwick (senior positions held included Managing Director, Sedgwick Energy Ltd; Claims Director, Sedgwick Offshore Resources Ltd; Technical Director, Sedgwick Global Energy & Chemicals) he has been a highly respected consultant since 1998 and worked for oil companies, contractors, financiers, re/insurers, lawyers and other parties.

Paul has provided expert testimony in several legal jurisdictions including personal appearances to give evidence in Courts & Arbitration forums in the UK, France, Norway, and the USA. Expert witness and dispute related tasks has involved high profile energy industry losses and insurance & reinsurance policies.

He operated as a broker at Lloyd’s and in the London and international insurance company markets and with Protection & Indemnity clubs for 30 years, and was an underwriting member of Lloyd’s 1985-90. He represented broking and client interests in various insurance market and industry energy & marine forums concerning coverage development, wordings drafting, claims issues and risk management matters. He has organized many offshore energy insurance courses and workshops and regularly contributed to publications and seminars.

He has been directly involved in the determination and negotiation of numerous major offshore energy losses in the North Sea, Gulf of Mexico, offshore Brazil, Africa, Australasia, India, and elsewhere. Paul is a recipient of the LECC Lifetime Achievement Award for his major contribution to the energy insurance industry. He has been a frequent speaker at prestigious conferences and training courses and was a member of the Organising Committee of the annual Lillehammer Energy Claims Conference (LECC) 2003-12.



Achievement

  • Specialist in the oil & gas and marine insurance industries with more than 50 years of experience as an energy insurance & reinsurance broker and subsequently as an independent insurance & risk management consultant

  • Lillehammer Energy Claim Conference (LECC) Lifetime Achievement Award for his major contribution to the energy insurance industry (2009)

  • He has worked with many IOCs and NOCs including Shell International Ltd UK, Premier Oil UK, Petronas Malaysia, ConocoPhilips UK, Statoil Norway,etc.

  • He has provided expert witness testimony to Courts & Arbitration forums in legal disputes concerning high profile energy industry losses and insurance & reinsurance policies in jurisdictions including the UK, USA, Norway, France and Australia