On Tuesday, May 16th, FACC-NY Corporate & Councilor Members gathered at Le Coq Rico for an exclusive breakfast discussion on "Thriving in Periods of Geopolitical Uncertainty", led by Brad Dunderman, Vice President, Private Insurance Placement, Americas Division - Global Trade Department at Sumitomo Mitsui Banking Corporation.
In terms of finance, Brad said ''One of the results of the geopolitical uncertainty is the growing interest by banks in using non-payment risk insurance. At the same there is a growing number of insurers that are providing this type of insurance. Banks and their customers still want to continue to grow, but the banks are taking a very careful approach in managing regional, country, industry, and borrower aggregate limits, particularly in areas that could be impacted by geopolitical events.''
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