Daniel Riordan, executive vice-president and managing director of Zurich’s emerging markets solutions group, has been elected chairman of the Berne Union’s Investment Insurance Committee by its membership.
The Investment Insurance Committee is one of three specialist committees that is composed of political risk insurance professionals who exchange best practice expertise for the benefit of the members of the Berne Union and the wider investment insurance industry. Zurich provides political risk and trade credit insurance to customers conducting business in emerging markets and has been a private-sector member of this organisation of the world’s leading export credit and investment insurers since 2003.
“The Berne Union plays a critical role in encouraging world trade by promoting sound principles for export credit and foreign investment insurance,” says Riordan. “Through our active membership in this collaborative effort between the public and private sectors, Zurich’s customers benefit from the shared insights, as well as joint advocacy on behalf of insureds when political risk events threaten.”
Zurich underwrites political risk and trade credit insurance in emerging markets for financial institutions, multinational corporations, investors, exporters and infrastructure developers from offices in Washington, DC, Barcelona, Hong Kong, London, Sydney and Tokyo.