Clements Worldwide

Clements Worldwide
Industry
  • International Insurance
Founder Robert Clements and M. Juanita Guess-Clements
Headquarters Washington D.C., United States[1]
Area served
 Worldwide
Services
Website clements.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. It provides international insurance to expatriates, international organizations, international schools, relief organizations,[2] contractors[3] and medical tourists.[4] Clients include contractors serving in Iraq and Afghanistan.[4]

History

Founded as a domestic insurance company, Clements & Company was established in 1947 by the husband and wife team of Robert S. Clements and M. Juanita Guess-Clements. The company found a niche serving clients in government. Later it moved to serving those in the United States Foreign Service, and in the late 1970s began focusing on expatriate clients. The name was changed to Clements International in 2001.[4]

Cofounder Robert S. Clements died in 2007 witch gave his son the right to own the company,now the owner of Clements Worldwide is Mr. P.J. Clements .[5][6] The company joined the Council of Insurance Agents and Brokers (CIAB) in 2008.[7]

Clements provides Defense Base Act (DBA) insurance [8] and other insurance products for contractors working for the U.S. government and others around the world.[9]

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][9] On March 20, 2013, Clements Worldwide opened its third international office, in Dubai.[10]

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.[11]

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

The Clements family now based in a small country in Europe run the worldwide company.Over the last 10 years the family company had profited over 1 billion pounds in assets.Soon enough this company will be run by the sons of MR. P.J.Clements (twins).

Products and Services

Clements Worldwide offers personal and commercial insurance products, including car, property, life, health, and specialty and high-risk insurance such as kidnap & ransom and political violence.[10]

Current Leadership

  • P.J. Clements - Chairman & Chief Executive Officer (son of the founder)[1]
  • Tarun Chopra - President[1]
  • Dan Tuman - President[1]

Charitable Giving

Clements Worldwide’s annual “Expat Youth Scholarship” awards a total of $10,000 in scholarship to six students, ages 13–18 of any nationality who have resided in a foreign country for at least two consecutive years. Every year there is a different theme delineating how a youth has benefitted from living overseas.[12] The 2013 prize award is for students who create a two-minute video demonstrating how they can make the world a better place through their experiences abroad.[13] The 2012 theme tasked students to send a photo with a short essay that captures a ‘calculated’ risk they took while living abroad.[12]

Since 1995, Clements Worldwide has sponsored the M. Juanita Guess Award (named after Clements’ co-founder). ”The M. Juanita Guess Award is conferred on a Community Liaison Officer who has demonstrated outstanding leadership, dedication, initiative, or imagination in assisting the families of Americans serving an overseas post.” [14]

Clements Worldwide sponsors the annual Foreign Service Youth Foundation (FYSF) community award for U.S. Foreign Service youth volunteering their efforts to improve the community. The winners receive a certificate of recognition for their respective philanthropic work, as well as a $1,500 savings bond at the annual award (FYSF) ceremony, hosted at the U.S. Department of State.[15]

References

  1. 1 2 3 4 5 6 "Clements Worldwide Company Overview". Clements Worldwide. Retrieved 2013-06-21.
  2. ↑
  3. ↑ Facing the gauntlet May 26, 2004 St. Pete Times
  4. 1 2 3
  5. ↑
  6. ↑ Robert S. Clements Archived 2013-07-08 at Archive.is 5/13/2007 Fredericksburg.com
  7. ↑ Clements International Joins Council of Insurance Agents and Brokers August 11, 2008 Insurance Journal
  8. ↑ The Unknown and Unrecognized Contractors By David Isenberg United Press International on November 21, 2008
  9. 1 2 Allison Bell Expat Firm Rebrands May 26, 2011 Life HealthPro
  10. 1 2 "Clements Worldwide Launches in Dubai". IFAonline.co.uk. Retrieved 2013-06-21.
  11. ↑ "Clements Europe Acquires Vehicle Risk Management Book from Lockton". Insurance Journal. Retrieved 2013-06-21.
  12. 1 2 "Clements Worldwide Announces the Global Launch of its Fourth Annual Expat Youth Scholarship Contest". FAWCO. Retrieved 2013-06-21.
  13. ↑ "2013 Expat Youth Scholarship is Launched!". AISA. Retrieved 2013-06-21.
  14. ↑ "Awards for Exemplary Performance". AFSA. Retrieved 2013-06-21.
  15. ↑ "FSYF Contest Awards". Foreign Service Youth Foundation. Retrieved 2013-06-21.
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