Announcing the speakers of the Insurance Survey Presentation, Bristol 2021 – 6-8 October

With just three weeks to go to the ITFA annual conference, we cannot contain our excitement. Be sure to join us in Bristol at this year’s edition of the Annual Conference being held between 6-8 October in Bristol. Please click here to register at your earliest as time is running out. 

In order to support our regulatory advocacy work, but also to give a better overview to our members on risk mitigation behaviour, ITFA has again cooperated with IACPM in order to sound the Bank-Insurance market. We obtained information from a very representative panel of banks on their usage of insurance for RWA reduction and credit capacity enhancement in the years of 2019 and 2020. This survey follows market soundings we had done in 2017 and 2018. The detailed results will be published in the coming months but participants at the ITFA Conference will get first-hand information on the outcome. And we can already tell you that some of the results are astonishing – others confirm what we have been telling the authorities over the last years.

We look forward to an interesting session titled: ”Sneak Preview to the ITFA-IACPM Insurance Survey 2021” in which Daniela Czuck – Munich Re and phd Student, who has worked together with IACPM on the evaluation of the data, will present the numbers gathered from the survey, Tamar Joulia-Paris – IACPM will moderate the panel, while members of the Insurance Committee involved in creating this Survey, Carol Searle – Texel, Jean Maurice Elkouby – ING and Silja Calac – Chair – ITFA Insurance Committee will discuss the survey findings. This session will take place on Friday 8th October at 10:15am.

Carol joined the Texel Group as General Counsel in June 2015. Texel is a privately owned and independent Lloyd’s insurance broker specialising in the field of credit and political risk Insurance with offices in London, New York, Brussels and Singapore.  Before joining Texel, she was a partner at a London based law firm where she was global head of the political risk and trade credit insurance group. She handled claims from multiple jurisdictions under a variety of political risk and credit policies and regularly advised on coverage issues and policy wordings.  At Texel she offers legal support to the broking team and clients on policy wordings and their development, product innovation and claims.  

Jean-Maurice set up the centralised team for Credit Insurance (CPRI) at ING in 2013. The team now comprises 5 people in London. It is embedded within a wider Syndication function at ING dealing with underwriting and cash sales for all lending teams. The portfolio of insurance covers has grown from $500m in 2013 to ca. $11bn now. BPL Global and Marsh are the two globally appointed brokers for ING.

Jean Maurice is also responsible for Real Estate Finance Syndications in Europe at ING. He has worked for over 25 years in Syndications covering also corporates and LBOs. He worked for RBC and Credit Lyonnais and has been with ING since 2001. He holds a degree from ESCP Business School in Paris and an MSc in Finance from Lancaster University.

Tamar Joulia-Paris has been head of Credit Portfolio Management and of Credit Capital Markets at ING Group, and was then Board Member of the IACPM. She is now focusing on her academic pursuits – teaching risk management and sustainable finance, is senior advisor at the IACPM – supporting its advocacy initiatives in Europe, and holds several non-executive board mandates.

Daniela Czuck grew up in Munich, where she obtained her Masters Degree in Economics. She found her passion for Trade Finance & Credit Insurance when she joined the Global Credit Solutions Team of Munich Re in 2018. As a Client Relationship and Risk Manager she has grown Munich Re’s Trade Finance business and is always eager to find the best insurance solution for her clients. She is also engaged as a Project Manager as part of the company’s digital transformation process.

She currently writes her PhD thesis on the topic of reducing the Trade Finance gap through insurance amidst the changes in the regulatory environment. In this context, she is glad to assist ITFA with the evaluation of the latest Private Credit Risk Insurance Survey.

We look forward to this interesting panel discussion in Bristol!