February 2011

Spotlight – In international business, almost every market around the world does things in a different way. This often leads to misunderstandings and unfulfilled expectations. However, different does not need to mean difficult and knowledge of the needs and characteristics of specific geographic markets is an advantage to those who are active in the global economy. These articles help you understand different aspects of the insurance industry around the world, enabling those who do business there to feel more “at home, abroad.”

Nine months ago events in the Gulf of Mexico catapulted semi-submersible oil drilling into the headlines. A lot of hot air was expelled by politicians as the blame for Deep Water Horizon was apportioned to large corporations indiscriminately. We published an article in the July edition of WoRdS and now, six months later we have a further discussion on how events unveiled and have been dealt with. Richard Mackowsky of Cozen O’Connor in Philadelphia has penned an article especially for us and this adds a common sense perspective. Should you have any questions, please let us know. We are indebted to Mr Mackowsky whose contact details are: rmackowsky@cozen.com +1 1 215 665 2064 www.cozen.com

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