The ICISA INSIDER | April 2019 | COMMITTEE CHAIRS
Update Committee Chairs
Surety Committee – Brendan Keating
During the Spring Surety Committee meetings, we were very happy to host guest speakers that provided us with some broader presentations surrounding specific surety uses within the UK market along with a separate
Brendan Keating
topic on existing and future geopolitical risks that could
Chair of the Surety Committee
be impactful in 2019 and 2020. Both topics led to lively
Company: Argo Surety
discussions between our broad group of insurers and reinsurers. Most importantly though was our continued discussion
Our active committee brought back updates to the
on the topic of promoting surety on a global basis. This
spring meetings, which lead to additional action plans
continues to be a priority of mine as Chair of this com-
leading to some material changes in the near future.
mittee, and I want to continue to make it a focal point of
We hope our efforts yield additional opportunities and
my remaining time as chair of the surety committee. We
longevity in our underlying support to help move com-
had a lot to talk about on this front following our meet-
merce forward.
ings in Amsterdam this past fall. We left the meeting in Amsterdam with a lot of momentum around action plans to engage regulators in major financial markets on creating more awareness around the use of bonds for various obligations required by these public entities. We also have a number of members working with local regulators in the United Kingdom to educate stakeholders on the importance bonding plays with the end goal to increase the percentage of bonds for public works.
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