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TheCityUK

Embracing diversity

By Dan Torjussen-Proctor, Commercial Director, TheCityUK

T
heCityUK champions the UK-based professional services to the international

inancial and related professional services shipping industry including: banking, insurance,
industry. We are a membership body, shipbroking, legal services, accounting, ship

lobbying on the industry’s behalf, producing classiication and education. The London

evidence of its importance to the wider national Insurance market, for example, has a 26%
economy. In the UK, the EU and internationally, market share for maritime insurance and total

we seek to drive competitiveness, creating jobs ship inance commitments of UK-based banks
and lasting economic growth.accounted for 10% of the world loan book,

Our members facilitate the global economy; equalling around $400bn. Importantly the UK
their work underpins the inancial ecosystem, is also the leading centre in legal services and

which is needed to keep international trade and dispute resolution, with English law being the
investment going. One key industry they support most widely applied to shipping disputes.

is the maritime sector, which itself is incredibly TheCityUK is pleased to support London
important in delivering a global economy International Shipping Week 2015, which,

through its distribution of cargo.with over 100 events being held over the

The maritime sector boasts a large and course of the week, will provide an exceptional
diverse range of companies, including world place for networking, sharing of expertise and

class capabilities in naval shipbuilding, marine learning, alongside promoting global debate
equipment, leisure boat building, coastguard about an industry which touches many aspects

agencies, offshore oil, gas and wind farm of the wider economy. As such, an important
contractors, as well as shipping and port sector to the UK, and with the unique role

operators. These companies rely on the London plays in this industry, it is befitting to
sophisticated and innovative inancial and hold the event here. This view is echoed by

related professional services our members our members who wholeheartedly support
provide to support their work.the work LISW15 is doing and hope the

London is the world’s leading centre for the sector maintains, and grows, its presence

supply of a wide range of inancial and relatedin the UK. l

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