Current Industry Trends In Overseas Markets: A Conversation With International Surety Market Experts
Recorded On: 07/16/2020
NASBP is excited to announce a special panel discussion developed by the NASBP and SFAA International Committees, where panelists will address current surety market trends in today’s overseas markets.
This panel has been developed by the NASBP and SFAA International Committees, where panelists will address current surety market trends in today's overseas markets. Panelists will also explore such timely topics as the varying requirements of suretyship, opportunities for contractors in overseas markets, the disruption of the raw material supply chain from Pacific Rim countries, and the impact COVID-19 is having in overseas markets.
The panel discussion will be moderated by NASBP International Committee chair, Sheila E. Thompson, President, Rosenberg & Parker of Canada, Inc. Joining Sheila will be several surety representatives who specialize in international suretyship.
Dekker Buckley, Senior Vice President, CHUBB - COG Surety
Michael C. Fay, Senior Vice President, Head of Contract Surety, Zurich North America
Gonzalo Videla, Regional Underwriting Officer, Latin America and Fronting, Travelers, Bond & Specialty Insurance
Nicholas Kim, Vice President and Senior Underwriting Officer, Liberty Mutual Surety
This session is a perfect fit for every construction and surety professional, including agents, underwriters, claims professionals, contractors, and supporting staff.
Sheila E. Thompson
President, Rosenberg & Parker of Canada, Inc.
Sheila E. Thompson is the President of Rosenberg & Parker of Canada, Inc. With over 35 years’ experience as an underwriter and as a broker, she oversees client and surety relations and is responsible for the operations of Rosenberg & Parker of Canada, Inc. She has written bonds for both publicly traded and privately held corporations in the construction, manufacturing, energy savings, technology, environmental and waste hauling industries, as well as for many other companies with bonding requirements.
Sheila’s prior experience includes Marsh & McLennan, Chateau Insurance Company, Morris & Mackenzie Inc., Hunter Keilty Muntz & Beatty and HKMB HUB.
In addition to being a past Director and Treasurer of the Canadian Association of Women in Construction, Sheila is a member of the Toronto Construction Association (TCA), National Association of Surety Bond Producers, Construction Financial Management Association, The Risk and Insurance Management Society of Canada (RIMS Canada) as well as various construction associations. She is the past chair of the Surety Association of Canada’s Ontario and Education Committees and currently sits on the Ontario Committee. She is the only broker representative on the Canadian Construction Documents Committee’s Surety Subcommittee.
In 2016, Sheila became Chairperson for the National Association of Surety Bond Producers (NASBP) International Committee.
Sheila graduated from Trinity College, University of Toronto with a Bachelor of Arts degree.
Senior Vice President, CHUBB - COG Surety
Dekker Buckley has been with Chubb for more than 30 years, beginning his career as a surety trainee in Chubb’s New York office in 1988.
He is currently a Senior Vice President for Chubb Overseas General, involved in the surety underwriting and operations for Latin America, Europe and Asia Pacific. He also serves as chairman of the International Committee for the Surety and Fidelity Association of America as well as President of the International Surety Association. Dekker managed Chubb’s surety operations in Mexico from 1993 to 1999 before returning to the company’s Home Office.
Dekker has a B.A. from Williams College and an MBA from Duke University.
Michael C. Fay
Senior Vice President, Head of Contract Surety, Zurich North America
Mike Fay is a Senior Vice President and serves as the Head of Contract Surety for Zurich North America. He is responsible for leading underwriting operations, strategy, engaging with the broader surety market and maintaining relationships with our customers. Mike joined Zurich in 2017 as SVP – Global Accounts in Zurich Surety. Since this time, he has assumed the Head of Contract Surety with Zurich Surety. Mike has 34 years of surety experience. Prior to Zurich, he held various roles in the surety industry, including contract, commercial and international at a variety of Surety operations, including Chubb, AIG and Seaboard Surety. His international experience included being located in London, England and headed up AIG’s AIU Surety practice in New York. In addition to his vast surety experience, Mike’s initial work experience was at the Bank of New York in their International Operations – Letter of Credit area in New York City.
Mike holds a Bachelor of Science degree in Finance from Providence College in Providence, Rhode Island.
Vice President and Senior Underwriting Officer, Liberty Mutual Surety
Nicholas Kim is Vice President and Senior Underwriting Officer at Liberty Mutual Surety responsible for overseeing the Latin America and Iberia regions. He is located in the King of Prussia, Pennsylvania Home Office. Nick’s job responsibilities include developing a clear underwriting and risk management strategy for the countries within his region as well as managing a team of home office underwriters who are responsible for working with the various field offices for underwriting approvals. The oversight of the LatAm & Iberia regions include the management of a portfolio of clients ranging from large corporates to small & medium size enterprises (SME) with both contract and commercial bond needs, both in conditional and on-demand surety markets.
Nick graduated from Temple University’s Fox School of business with a concentration in Risk Management & Insurance and International Business. He started in Liberty Mutual Surety in 2007 and has focused the majority of his career in International Surety.
Regional Underwriting Officer, Latin America and Fronting, Travelers, Bond & Specialty Insurance
Gonzalo Videla currently leads International Surety for Latin America and Fronting at Travelers, Bond & Specialty Insurance. His responsibilities include overseeing the construction and commercial surety business in Latin America as well as the worldwide fronting operations. Gonzalo graduated from the University of Buenos Aires with a double major in Accounting and Business Administration. He started his surety career in Argentina, where he was born. Work experience includes various roles in international surety at both Chubb and Zurich North America. With over 25 years in the surety industry, Gonzalo has surety underwriting, reinsurance, and portfolio management expertise including reverse flow and local accounts in several countries around the world.
See your success with Old Republic Surety. Success can come from a ferocious appetite to win. Strength helps too. Choose a surety partner with the character to win. We write bid bonds, performance & payment bonds and maintenance bonds in all 50 states. Responsive, Reliable, Respected - Old Republic Surety.