Clements Worldwide
| Company type | Private |
|---|---|
| Industry | Insurance |
| Predecessor | Clements & Company, Clements International |
| Founded | 1947 |
| Founder | Robert S. Clements, M. Juanita Guess-Clements |
| Headquarters | Washington, D.C. , United States |
Area served | Worldwide |
Key people | Jon B. Clements (Chairman), Tarun Chopra (President & CEO), Smita Bhargava (Senior Vice President) |
| Products | International insurance solutions, Defense Base Act coverage |
| Website | www |
Clements Worldwide, initially known as Clements & Company and later as Clements International, is a multinational insurance enterprise established in 1947. Its main office is located in Washington, D.C., with additional branches situated in London and Dubai. The firm concentrates on providing international insurance solutions tailored to individuals and organizations, particularly expatriates, global corporations, and international entities. Among its clientele are contractors operating in Iraq and Afghanistan.
History
The company was founded in 1947 by Robert S. Clements and M. Juanita Guess-Clements. While headquartered in Washington, D.C., it also maintains offices in London, Dubai, Dublin, Gibraltar, and Brussels.
Robert Clements, one of the co-founders, died in 2007 at the age of 89. The following year, in 2008, the company became a member of the Council of Insurance Agents and Brokers (CIAB).
Clements provides Defense Base Act (DBA) coverage along with other insurance products designed for contractors engaged with the U.S. government and international clients.
In 2010, after launching its first fully owned overseas subsidiary in London, the company transitioned from Clements International to Clements Worldwide in 2011. Subsequently, on March 20, 2013, it inaugurated its third international location in Dubai.
That same year, 2010, Clements secured authorization from the UK's Financial Services Authority (FSA) following its acquisition of International Vehicle Risk Management (IVRM) from Lockton Companies.
On February 20, 2013, Clements Worldwide expanded further by acquiring Italsure, a UK-based provider specializing in expat insurance.
Current Leadership
- Jon B. Clements – Chairman
- Tarun Chopra – President & CEO
- Smita Bhargava – Senior Vice President
References