Customs Bond Risk in Current Trade Environment
Recorded On: 04/22/2021
Due to the COVID-19 pandemic, “trade wars”, and other economic factors, increased numbers of importers have been defaulting on standard payment of duties, taxes, and fees, causing liquidated damages claims for these payments to skyrocket. During this Virtual Seminar with industry experts, John Sheppard of C.A. Shea & Company, Inc., Colleen Clarke of Roanoke Insurance Group, and Michelle Lucaccioni of The Hartford will share an overview of Customs Bond environment. They will discuss the obligations under the Customs bond, various bond statistics, and underwriting considerations.
Vice President, Surety Trade Relations & Business Development, Roanoke Insurance Group Inc.
Roanoke Insurance Group Inc.
Colleen Clarke is Vice President, Surety, Roanoke Trade Services, Inc. She focuses on the review and analysis of CBP policy including new issues from the perspective of the surety underwriting group as well as the client services team. She manages the Roanoke Trade independent agent unit for U.S. Customs bonds. In 2008 Ms. Clarke was appointed to the 11th term of the Commercial Operations Advisory Committee (COAC) where she participates in several subcommittees. She serves as co-chair of the Surety Account Subcommittee within the Trade Support Network (TSN) and works closely with CBP as a representative on the Customs/Surety Executive Committee (C/SEC).
Manager, Customs and Logistics Surety, The Hartford
Michelle has been involved in the International Trade Segment of the Insurance Field since 1993 holding various roles throughout her career in both agency and company surety operations. From 2009 - 2019 Michelle served as Vice President of Surety for Navigators Management Company, Inc. (NMC). In April of 2019, Navigators became a Brand of the Hartford where Michelle resides today, managing the Customs and Logistics Surety Division.
Vice President, C.A. Shea & Company, Inc.
C.A. Shea & Company, Inc.
John Sheppard has been with C.A. Shea & Company, Inc. for over 22 years, and is currently the Vice President. He oversees the day to day operations of the bond department and is responsible for underwriting and dealing with Customs on both the local and executive levels.
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.