Dorothea Ioannou has been appointed deputy chief operating officer of the Shipowners Claims Bureau, the company that manages the American Club, as she continues to rise up the ranks of the protection and indemnity mutual.
Ioannou is one of the best-known women in the world of marine insurance and has been with the American Club since 2005. She joined as a claims specialist in Piraeus before being appointed a managing director.
In 2018, she was made chief commercial officer responsible for business development at the American Club. She will be now become one of the leading executives responsible for setting policy and strategy.
Her new role will see her supporting president and chief operating officer Vince Solarino and chairman and chief executive Joe Hughes.
Ioannou takes up her position with immediate effect.
In a separate executive appointment, Molly McCafferty has been named senior vice president and director of claims for the Americas from September.
Hughes will celebrate 25 years at the helm of the American Club in August this year. Together with Solarino, he has seen the club grow into a leading P&I insurance mutual and helped it diversify into the fixed premium and hull and machinery markets.
It may be that Hughes has an eye on the club’s future senior executive succession with the appointments.
Hughes said: "Dorothea has been a key member of the management team for some time now and has contributed greatly to the success of the American Club, and its other business lines, over recent years. Her new duties will be of vital importance to the future of the club in its operations across the world over the years ahead."
He added the executive team would continue to strengthen.
"As Dorothea transitions to her new role, and Molly assumes her new responsibilities, I am sure that everyone will wish to join me in wishing them both the very best of good fortune as a part of a dedicated, and developing, senior executive team," he said.
