Claes Isacson

1955-2013

Claes Isacson joined Gard in 1996 to set up an office in Gothenburg. In 1999 he was promoted to head of P&I underwriting and became CEO in 2001. His tenure as CEO was characterised by a strategy of growth and diversification which led to Gard becoming the largest P&I club in the world and the third largest marine insurer.

In addition to his role at Gard, Claes played an active role in the wider marine insurance market. In November 2009, he was elected Chairman of the International Group of P&I Clubs – the first non-British person to hold this position – for a three year term.

Claes’ overriding goal was to meet changing client needs. Whether it was developing Gard Academy to look at education, re-engineering underwriting, expanding the office network to reach the emerging economies or creating best practice in claims handling, Claes always looked to the future and to continually improve the organisation and the way it served its Members and clients.

The Claes Isacson Scholarship

Against the background of Claes Isacson’s engagement in and commitment to the shipping and marine insurance industries during his entire working life, and his particular focus on internal education and training through the establishment of the Gard Academy, the intention is that the scholarship shall help young people to finance an education at university level with a view to finding work within the shipping and marine insurance sectors. The Claes Isacson Scholarship is awarded annually and amounts to USD 20,000 which may be awarded to one student or split between several students..

How do I apply?

To apply for the Claes Isacson Scholarship 2017, use the Apply here button to register your resumé along with any supporting certificates or documents.

The closing date for applications is 3 April 2017.

Who can apply?

The applicant must be 18 years of age or older and must have commenced studies at a university or equivalent educational institution focusing on subjects related to, or of importance to, the shipping industry and/or the marine insurance business.

The applicant must present a plan for the completion of his/her studies and set out to what extent the scholarship will be used for the purpose of financing a special project or course being part of the education programme he/she has already commenced.

The applicant must provide certified copies of exam certificates from that part of the education programme(s) at university level or equivalent educational institution he/she already has completed.

The applicant should outline future career plans and desribe the extent to which he/she wishes to work in the shipping and marine insurance business.
The Scholarship is open to students from any country.

The Scholarship Committee will interview selected applicants before announcing the winner of the Scholarship.

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Terms and conditions
The Scholarship will be awarded in two tranches. The first tranche will be paid into a nominated bank account upon verification of enrolment in the awardee’s chosen course, and the second and final tranche will be paid into the same account at the start of the awardee’s second semester. To retain eligibility for the Scholarship, we will require that the awardee adhere to the following terms and conditions:
  • Remain eligible for enrolment, and be enrolled, in the course of study and at the university referenced in the initial application. Proof of enrolment must be provided before any payment is made.
  • Maintain a satisfactory standard of academic progress. Awardees must attain the minimum pass level for each subject as required by the course program.
  • Comply with any requests for information required by the Gard Scholarship Committee.
  • On completion of the course program, submit a report to Gard’s Scholarship Committee summarising the benefits of receiving the award and how the Scholarship funds were spent.
  • Confirm that the statements made in the scholarship application are and remain true and correct. Any misrepresentation or omission of fact in the application is cause for disqualification and termination of the award.
  • Failure to meet the conditions of eligibility for the Scholarship is cause for disqualification and termination of the award. If the award is terminated, the awardee may be required to repay to Gard P. & I. (Bermuda) Ltd., in part or in total, any monies that have been paid.
  • Provide a letter of acceptance of the Scholarship, acknowledging awardee’s intent to use the Scholarship funds, and confirm that you have read and agree to the above terms and conditions and understand the extent of your obligations to Gard P. & I. (Bermuda) Ltd.

Gard
Established in 1907, Gard is the largest P&I insurer among the 13 members of the International Group of P&I Clubs in terms of gross tonnage entered, and ranks second in the commercial marine insurance industry.
Gard is today a shipowner-controlled provider of P&I, marine and energy insurance products, with gross written premium in 2015 of USD 991 million and total assets of USD 2.7 billion. Gard employs 450 staff in 13 offices around the world.
All insurance operating entities within the Gard group; Gard P&I (Bermuda) Limited, Assuranceforeningen Gard, Gard Marine & Energy Limited and Gard Marine & Energy Insurance (Europe) AS are rated ‘A+’ (stable) by Standard & Poor’s.