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Stephen Thorpe

Job title: Managing Director PCTSR (Asia) and Managing Director Natural Resources (Global)

Mobile: +65 8494 0423

Location: Adelaide / Singapore

Expertise: Property, Business Interruption, Mining, Natural Resources, Energy, CAR, EAR, DSU, Marine, Construction & Engineering, Offshore pipelines, Cargo losses, Transport/infrastructure, Catastrophe losses

Specialities: Construction & Engineering, Engineering Technical Services, Natural Resources, Property & Casualty

About:

Stephen’s focus is on finding timely and efficient solutions to significant and complex losses in the mining, onshore natural resources, engineering and construction industry sectors throughout Asia Pacific.

A loss …

Stephen’s focus is on finding timely and efficient solutions to significant and complex losses in the mining, onshore natural resources, engineering and construction industry sectors throughout Asia Pacific.

A loss adjuster with over 35 years’ experience, Stephen has specialised in major and complex losses involving the mining, onshore energy, transport and construction sectors, throughout Australia and the Asia Pacific region, particularly for and on behalf of the global reinsurance market. Stephen was a foundation member of both the global Mining Insurance Group (now MIRA) – and the Asia Power Forum. He has also presented at various international conferences on mining and complex energy and power losses, produced articles for industry publications and contributed to the formation of Mining Claims Protocol.

•    Policy types: Property, Business Interruption, CAR/EAR/DSU
•    Industry Focus: Mining, onshore energy, hydrocarbon processing, power generation and construction

Significant Losses

Mining
Major property damage and business interruption losses involving iron ore, copper, uranium, nickel, coal and gold – open pit, underground, long wall and block caving along with downstream refining and logistics – in Australia, Africa, PNG and West Papua.

Energy / Engineering
Major (over $300M) fire and resulting business interruption losses in onshore gas processing plants. Other losses include well blow out in Indonesia, oil and gas pipelines – plus power generation throughout Australia and Asia (Inc power plant in Thailand ~$195M). Offshore experience includes damage to well infrastructure and pipelines.

Construction Risks
Major losses property, DSU/ALOP claims involving mining, manufacturing, infrastructure in Australia, Asia and Africa. Recent claims involve a tunnelling project, the (British Gas) QGC and Santos GLNG, Liquid Natural Gas Projects in Australia, and the (Chevron) Gorgon Island Project in Western Australia, the KL118 project in Malaysia and a power station project in Vietnam.
Transport / Infrastructure
Involved for most of the major above rail freight operators, infrastructure owners and port operators throughout Australia. Participated in most major derailments throughout Australia over 20-year period.

Professional Qualifications

FCILA: Fellow Chartered Institute of Loss Adjusters, 1992
FUEDI: Federation of European Insurance Experts, 1992
FCLA: Fellow, Australasian Institute of Chartered Loss Adjusters 1998*
*Board member 2004 – 2008. President 2007 – 2008.
Notable Assignments

Natural Resources/Engineering: Major (over $300M) fire and resulting Business Interruption losses in onshore gas processing plants. Other losses include well blow out in Indonesia, oil and gas pipelines – plus power generation throughout Australia and Asia (Inc power plant in Thailand~$195M). Offshore experience includes damage to well infrastructure and pipelines.
Construction Risks: Major losses property, DSU/ALOP claims involving mining, manufacturing, infrastructure in Australia, Asia and Africa. Recent claims involve a recent tunnelling project, the (British Gas) QGC and Santos GLNG, Liquid Natural Gas Projects in Australia, and the (Chevron) Gorgon Island Project in Western Australia, the KL118 project in Malaysia and a power station project in Vietnam.
Mining: Major losses involving – iron ore, copper, uranium, nickel, and gold projects– in Australia, Africa, PNG and West Papua. Transport/infrastructure: Involved as adjusters for most of the major above rail freight operators, and port operators throughout Australia. Participated in most major derailments throughout Australia over 20- year period. Marine: Port infrastructure, offshore pipelines, sea floor infrastructure and various (project) cargo losses.
General: Wide range of experience with most property lines and associated Business Interruption losses, including catastrophe losses – earthquake, tsunami, bush fire and flood.

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