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ICISA Welcomes CCR Re as its newest member
ICISA Welcomes its newest member: CCR Re
ICISA members warmly welcomed CCR Re as a new member to the association. In the next paragraphs you can find out more about CCR Re and their reasons to join ICISA.
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Member Profile
CCR Re is a medium-size reinsurer with a longstanding franchise in traditional property & casualty and life & health reinsurance, as well as in some selected specialty lines (credit, marine, aviation & space, terrorism), in France and abroad. CCR Re was founded in 2016 as a spin-off of CCR’s market reinsurance activities.
Since 2016, CCR Re is present in the international reinsurance landscape. Underwriting has been extended to new markets, notably in Latin America, sub-Saharan Africa and the Indian Ocean ring while underwriting teams have been strengthened. Since 2020 CCR’s focus is on opening new markets in Asia, Latin America and Canada, and developing reinsurance Credit&Surety programs worldwide.
Motivation to join ICISA
The motivation of CCR Re to join ICISA was to “meet directly with the most important reinsurers and insurers and improve risk management strategies, share knowledge and support business growth on Surety and Credit”. Secondly, they highlighted the need of sharing knowledge to develop sustainable solutions following the Covid pandemic:
“Since COVID-19 started in 2020, it has been two years of significant challenges worldwide due to global pandemic, economic lockdown and all the disruptions brought to professional, home and social lives. For insurers and reinsurers in the wider credit insurance and surety sector, the pandemic has brought two types of changes. Operational and strategic changes as risks of non-performance, nonpayment and insolvency increased substantially throughout the year; and changes brought by governments and regulators as different measures and requirements were introduced to keep markets open. Of course, these regulatory and policy steps sit alongside many already existing developments, which are underway, or on the horizon.
Becoming a member of ICISA in this challenging context is a must for sharing knowledge, experience and diverse points of views for developing sustainable solutions. CCR Re is committed to work very closely with ICISA members through a service-oriented partnership, to understand members’ constraints, to give firm answers to requests and to do it in a timely manner.”
Yamilet Morote, Lead Underwriter, Credit & Surety Worldwide
CCR Re highlighted one of ICISA’s fundamental roles: the one of creating a platform for discussion between companies from trade credit and surety sectors and most importantly, a platform where CCR Re, as well as other ICISA members benefit equally from their knowledge and experience:
“As new member, we look forward to sharing our best practices on underwriting guidelines with talented people of worthy reputation. For sure, we can learn from them as well. Conferences, articles, meetings will give us valuable information in order to analyze and discuss amongst ourselves credit and surety worldwide Risk approaches as insurers or reinsurers.”
CCR Re also expressed their wish of meeting the rest of ICISA members: “We are eager to meet all the members in person next summer and discuss the perspectives applied during the pandemic and how they are facing the economic crisis.”
Hervé Nessi, Chief Underwriting Officer
Topics of interest
When it comes to the important topics for discussions between ICISA members today, representatives from CCR Re mentioned the benefit of joining conversations about the growing geopolitical pressures: “Nowadays, Insurers and Reinsurers are facing war, its economic impact, supply chain disruptions and increasing inflation. The context is bringing significant challenges for leaders in many industries. Uncertainties associated with central bank policies around interest rates, the effects of slowto-recover supply chains on the economic rebound from pandemic lows, the hamstringing effects of coronavirus variants on the economy, escalating fuel, food costs, and a slowdown in the Chinese economy are factors contributing to these concerns. As a reinsurer, we have a key role to play by supporting credit insurance companies and looking for new ways of collaborating during these challenges.”
Other topics of interest include, “public-private market solutions to improve long term resilience of Credit&Surety insurance industry”, as well as “the huge opportunities on contractor bonds, for instance construction market, which could be the key to reboot domestic economies.” Hervé Nessi & Antoine Poidatz
“We have identified Credit & Surety as a line of business with great potential for profitable growth. We are thus convinced that becoming a member of ICISA will help us to achieve such objective. It will increase our visibility, accelerate our development and enlarge our network.
We are also persuaded that we can benefit from the know-how of the ICISA ecosystem to further improve the expertise of our Credit and Surety practice.”
Antoine Poidatz, Head of Specialty
ICISA Committees membership
Asked about their interest on ICISA Committees, CCR Re expressed an interest in joining the Credit Insurance Committee, Surety Committee and Asia Committee in particular, noting their desire to support a dialogue with ICISA members in these key areas.
ANNOUNCEMENTS
A note of thanks to Jos Kroon
After a quarter of a century dedicated to surety and credit & bond reinsurance, Jos Kroon has decided to retire from Liberty Mutual on the 31st of March of this year after. Jos started as a director of Nationale Borg Maatschappij in 1997. At that time, the company had a total turnover of €25 million. After a brief period as bonding director at Atradius, he returned to the company at the start of its nine years under private equity ownership. In 2019, Nationale Borg was acquired by Liberty Mutual and became part of its European surety operation. At that time, the company was five times the size it had in 1997.
When asked what Jos sees as the most important aspect of ICISA, he stated:
Jos was a long-time member of the Management Committee, Vice-President from 2014-2016 and President of ICISA from 2016-2018. We owe him a debt of gratitude for setting ICISA on a track of service-orientation for our members.
I am sure that you will join us in wishing him and Christa well.
Richard Wulff, on behalf of ICISA “ICISA represents our industry where a collective stance is necessary. But it is also a platform where parties can share expertise and build networks within the industry. This is not only for their own benefit, but also for the sector as a whole. Personally, I have enjoyed the many relationships I built over the years as an active member of the association. I am sure that is what I will miss most about my job.”
New staff members at Afianzadora
Afianzadora welcomes Engineer Gabriel Martinez which has been incorporated as IT Manager and Accountant Silvina Pandiani as new Business and Finance Manager.
Kerlijne Van Steen takes the general management role of the Swiss branch of Credendo - Guarantees & Specialty Risks
Kerlijne Van Steen
Company: Credendo - Guarantees & Specialty Risks Credendo announced that Kerlijne Van Steen succeeds Christian Hendriks to assume the general management of the Swiss branch of Credendo – Guarantees & Speciality Risks, following the recent approval of the FINMA.
As Head of Single Risk, Kerlijne takes on the responsibility for the Geneva-based branch. She has been involved in the merger of Credendo’s two specialized entities to set up Credendo – Guarantees & Speciality Risks. Since September 2020, Kerlijne heads up the single risk teams across offices in Geneva and Vienna.
Aviva has appointed Charlotte Jones as Chief Financial Officer and Executive Director with effect from 5 September 2022. Charlotte was previously Chief Financial Officer of RSA Insurance plc and Interim Chief Executive Officer of the RSA UK & International business.
Charlotte has enjoyed a highly successful career in financial services including as CFO of Jupiter Fund Management plc, where she was the member of the Board and Executive Committee with responsibility for finance and corporate strategy. Before that she was Head of Group Finance at Credit Suisse Group and Deputy Group CFO at Deutsche Bank Group. She started her career at EY.
Charlotte Jones
CFO Company: AVIVA
NOW AVAILABLE
Catalogue of Credit Insurance Terminology
The new German edition of the catalogue is available. It can be downloaded from the ICISA website at www.icisa.org
To order a hard copy, please send an email to secretariat@icisa.org
Euler Hermes is now Allianz Trade
Clarisse Kopff,
CEO Allianz Trade Clarisse Kopff: “We are now Allianz Trade. What does it mean for our company, for our clients and for our employees? In one word: more. More global expertise and knowledge inspiring more local solutions. More confidence in tomorrow with more opportunities to help businesses grow. More foresight and customized service. More ability to keep up even better with technological transformations. More visibility to attract new talents, and more career opportunities for our employees. There is a lot to be excited about, and we have only just begun to explore the possibilities”
Stecis - Trade Credit Insurance & Surety courses organised in 2022
STECIS, the Trade Credit Insurance & Surety Academy endorsed by ICISA, offers a range of webinars and classroom training courses. The webinars on Trade Credit Insurance and Surety are organised multiple times per year: the next webinar on Trade Credit Insurance is the Fundamentals of TCI and will take place on the 4th of May 2022. The classroom training courses are scheduled to take place in September 2022 on the following dates:
27 & 28 September 2022: Trade Credit Insurance Foundation Course 29 & 30 September 2022: Trade Credit Insurance Advanced Course 27 & 28 September 2022: Surety Foundation Course 29 & 30 September 2022: Surety Advanced Course
All classroom courses will take place in the Steigenberger Airport Hotel close to Schiphol Airport/Amsterdam the Netherlands. The courses include the lunches and a dinner at the end of the first training day. The courses are hosted by seasoned expert from the industry and there is enough opportunity to ask questions, discussions and networking.
Details information about the webinar and classroom training courses are available on the Stecis’ website: www.stecis.org also further information can be obtained by sending an e-mail to info@stecis.org.
ICISA
Evert van de Beekstraat 354 1118 CZ Schiphol The Netherlands
+31 (0)20 625 4115 secretariat@icisa.org www.icisa.org
