Due to growing trade volumes and increased pressure from regulators on capital requirements, banks are no longer in a position to provide for the needs of world trade finance on their own. Insurance has become a key element for mitigating risks in trade finance. But insurance companies have even entered the trade finance secondary market as investors on the assets side.

Insurance companies and brokers have therefore played a more and more active role within ITFA. It will be the purpose of the Insurance Committee to make sure their interests and concerns are well represented within our association and their voice is heard by all stakeholders in international trade.

Chairs

Silja Calac of Swiss RE International SE

Head of Insurance Relations

Board

David Neckar of Willis Limited

Secretary

Sean Edwards of Sumitomo Mitsui Banking Corporation Europe Ltd

CEO

Geoffrey Wynne of Sullivan & Worcester LLP

Official Legal Advisor

Matthew Beckett of Sumitomo Mitsui Banking Corporation Europe Ltd

Member

Karl Page of Barclays Bank plc.

Member

Sebastian Heurteux of BNP Paribas SA

Member

Huw Owen of Liberty Specialty Markets

Member

Katie Fowler of Texel Finance Limited

Member