Swiss Re receives Delegation from the Mexican Government in Brazil
December 2011 - The Mexican Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA) entered into a coordination agreement with the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) to look at ways to learn more about the country’s challenges for agriculture insurance as well as global best practices. As a result of this agreement, a delegation of 18 representatives, including members of SAGARPA, deputies and various agribusiness operators, among others, completed a business tour of Brazil and Argentina to learn about the current status, challenges and best practices of agriculture insurance in these countries.
The tour's schedule included a meeting with Swiss Re officials on 28 November 2011. The delegates met with Rolf Steiner, Swiss Re Regional Head for Brazil and the Southern Cone, Luciano Carmona and Cristina Ribeiro, who are responsible for Swiss Re's underwriting unit for agriculture insurance in Latin America and Claudia Melo, representative of Swiss Re's public sector unit in Latin America.
After the meeting was opened by Rolf Steiner and Deputy Secretary of Rural Development Ignacio Rivera Rodríguez on behalf of the SAGARPA-ITESM delegation, Cristina Ribeiro explained how agriculture insurance works in Brazil. The topic of catastrophe funds, still unregulated in Brazil, prompted numerous questions from participants. In turn, Luciano Carmona gave a presentation on the agriculture insurance system in Spain and the range of agricultural insurance products and services that Swiss Re can offer, leveraging its vast experience and global coverage. Last, Claudia Melo gave a presentation about the different types of operations that Swiss Re has performed in promoting public-private partnerships as a means to better manage risk. These solutions may be applicable for some of the attendees and their broad range of backgrounds and responsibilities. An example of new ways to manage risk involved the case of the Multicat operation, which was pioneered catastrophe bonds in Latin America.
The delegation, headed by Deputy Secretary of Rural Development Ignacio Rivera Rodríguez, was comprised by: Víctor Celaya del Toro, General Director of Rural Development Studies; Eduardo Ramírez González, Deputy Director of Risk Prevention; Raúl Enrique Galindo Favela, General Director of Risk Management and Investment Projects; Jaime Cabestany Noriega, Assistant General Manager of Operations at AGROASEMEX; Jesús Escamilla Juárez, Director of Risk Analysis at the Secretariat of Finance and Public Credit; Deputy María Esther Terán Velázquez, member of the Rural Development Committee; Deputy Héctor Elías Barraza Chávez, member of the Agriculture and Livestock Committee; Deputy Fernando Santamaría Prieto, member of the Agriculture and Livestock Committee; Arturo Walter Bodenstedt Engel, Executive Director of Rural Financial Programs and Products; Nemesio Manuel Monarrez Macías, Regional Director for the South at Trust Funds for Rural Development (FIRA); Octavio Enrique Jurado Juárez, General Manager of the Mexican Association of Secretaries of Agricultural Development (AMSDA); Juan Báez Rodríguez, President of National Council of Sorghum Producers (CONASORGO); Marcelo G. Angione, MBA, Director of the Research Seminar at the Instituto Tecnológico y de Estudios Superiores de Monterrey at Puebla; Dr. Luis Alejandro Lagunes Toledo, Director of Outreach at the Instituto Tecnológico y de Estudios Superiores de Monterrey at Puebla; and Martha Arellano, Operational Coordinator for the SAGARPA-ITESM at Puebla Agreement.
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