Thank you for sharing!

Your article was successfully shared with the contacts you provided.

While insurance experts noted that companies with overseas operations are not retreating back to their domiciled countries in the face of the recession, companies are cutting back on sending individuals overseas for business, which is affecting a different segment of the international market.

Lloyd Yavener, vice president of Marketing for Washington, D.C.-based Clements International, which provides insurance for expatriates, international schools, multinational businesses and relief organizations, said corporations are pulling back on expenses, and so they have decreased their presence abroad with respect to sending employees overseas. This has in turn reduced the opportunities for insurers who provide coverages to these individuals as they travel to foreign locations.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.