Clements Worldwide

This article is about Clements Worldwide. For other uses, see Clements (disambiguation).
Clements Worldwide
Industry
Founded1947 Edit this on Wikidata
FounderRobert Clements
M. Juanita Guess-Clements
Headquarters
Washington D.C.
,
United States[1]
Area served
Worldwide
Key people
Jon B. Clements (Chairman)
Tarun Chopra (President & CEO)
Smita Bhargava (Senior VP)
Services
Insurance services
Websiteclements.com

Clements Worldwide, originally Clements & Company and later Clements International, is a global insurance company founded in 1947 and headquartered in Washington, D.C., with offices in London and Dubai. Presently, the company provides international insurance for individuals and organizations with an emphasis on individual expatriates, international organizations, and global businesses.[2] Clients include contractors serving in Iraq and Afghanistan.

History

The company was originally founded as Clements & Company in 1947 in Washington, D.C., by husband and wife Robert S. Clements and M. Juanita Guess-Clements. The company’s headquarters are in Washington, D.C., with additional offices located in London,[3] Dubai,[4] Dublin, Gibraltar, and Brussels.

In 2007, at age 89, co-founder Robert Clements died.[5] The company joined the Council of Insurance Agents and Brokers (CIAB) in 2008.[6]

Clements provides Defense Base Act (DBA) insurance [7] and other insurance products for contractors working for the U.S. government and others around the world.[8]

Following the establishment of the company's first wholly owned international subsidiary in London in 2010, Clements International rebranded and became Clements Worldwide in 2011.[1][8] On March 20, 2013, Clements Worldwide opened its third international office, in Dubai.[9]

In 2010, Clements became licensed by the UK's Financial Services Authority (FSA) following its acquisition of the International Vehicle Risk Management (IVRM) business from Lockton Companies.[10]

On February 20, 2013, Clements Worldwide announced its acquisition of UK-based expat insurance provider Italsure.[1]

Current Leadership

  • Jon B. Clements – Chairman
  • Tarun Chopra – President & CEO[11][12]
  • Smita Bhargava – Senior Vice President

References

  1. ^ a b c "Clements Worldwide Company Overview". Clements Worldwide. Archived from the original on 2011-06-20. Retrieved 2013-06-21.
  2. ^ "Insuring employees abroad: Who covers evacuation costs?". www.insurancebusinessmag.com.
  3. ^ "Clements International to open London office". Insurance Post. December 2, 2009.
  4. ^ "Clements Worldwide Advances International Expansion with Dubai Launch - iPMI Magazine".
  5. ^ "Co-founder of Global Insurance Provider Dies at Age 89". Insurance Journal. May 14, 2007.
  6. ^ Clements International Joins Council of Insurance Agents and Brokers August 11, 2008 Insurance Journal
  7. ^ David Isenberg. "The Unknown and Unrecognized Contractors". cato.org. Retrieved 2023-07-04.
  8. ^ a b "Expat Firm Rebrands". ThinkAdvisor. 2011-05-26. Retrieved 2023-07-04.
  9. ^ "Clements Worldwide Launches in Dubai". IFAonline.co.uk. Retrieved 2013-06-21.
  10. ^ "Clements Europe Acquires Vehicle Risk Management Book from Lockton". Insurance Journal. 13 October 2010. Retrieved 2013-06-21.
  11. ^ "Tarun Chopra named Clements Worldwide CEO". Bloomberg. December 17, 2019 – via www.bloomberg.com.
  12. ^ "Clements Worldwide names new CEO". bizjournals.com (in Polish). 2019-12-18. Retrieved 2023-07-04.