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New role for Louat at Zurich

30 June 2009

Frederic Louat, manager for Zurich Surety, Credit and Political Risk Asia-Pacific, has moved up to a new role.

Read more: [trade credit insurance] [Asia insurance] [Frederic Louat] [Zurich political risk]

Frederic Louat has become chief underwriting officer for Greater China and South East Asia for Zurich’s non-life business, based in Hong Kong.

David Anderson replaces him as manager for Zurich’s Surety, Credit and Political Risk Asia-Pacific. He was previously Louat’s deputy.

The president of surety, credit and political risk at Zurich, Daniel Riordan, says: “Through our offices in Beijing, Hong Kong, Singapore, Sydney and Tokyo, we have been creating closer ties to our customers throughout this region and David’s role will reinforce our strategic expansion and commitment to this market.”

Louat has been with Zurich for nine years. He was global director for trade credit insurance before becoming Asia-Pacific regional manager.

Anderson established and developed Zurich’s Australian and Singapore offices and provided underwriting guidance to regional underwriters. Before joining Zurich, he was an underwriter at FCIA Management Corp and has worked at Citicorp International Trade Indemnity.


 


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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.
8%
No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.
23%
No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.
23%
Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.
46%