Insurance Committee

The Insurance Committee of ITFA was setup on 18 August 2015. It aims at improving the cooperation between banks, insurance companies and brokers in the mitigation of risk related to transaction banking assets. It also represents the interests of the insurance and broker members in ITFA.

Achievements:

  • Survey: to gain deeper understanding of the role that insurance plays in transaction banking and identify priority issues
  • Education: compilation of presentations / educational seminars (Dubai / Nairobi / London / Frankfurt / Cairo)
  • Regulatory issues / advocacy: e.g. Dodd Frank, CRD IV: act as advisor, organize intervention with regulator, ITFA responses to the BCBS 362 paper
  • Market standard documentation: guidelines on structure and content for CRR compliant non-payment policies
  • Advice: Insurance Committee Opinions

 

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ITFA Insurance Committee Board

Silja Calac Swiss RE International SE

Chair

David Neckar Willis Limited

Secretary

Sean Edwards Sumitomo Mitsui Banking Corporation Europe Ltd

CEO

Geoffrey Wynne Sullivan & Worcester LLP

Official Legal Advisor

Jas Jalaf AIG Europe Limited

Member

Matthew Beckett Sumitomo Mitsui Banking Corporation Europe Ltd

Member

Karl Page Barclays Bank plc.

Member

Sebastian Heurteux BNP Paribas SA

Member

Huw Owen Liberty Specialty Markets

Member

Katie Fowler Texel Finance Limited

Member