• 21 Mar 2017


    Clements Worldwide is a leading provider of insurance solutions for expatriates and international organizations. Founded in 1947, Clements of­fers worldwide car, property, life and health, and specialty and high risk insurance to clients in more than 170 countries. Their dedicated staff in Washington, DC, London, and Dubai are committed to providing superior customer service and claims response.

    From humble local beginnings providing international insurance to members of the U.S. Foreign Service they have grown into organization that provides customized coverage to humanitarian and development organizations, international schools, government contractors and global enterprises to name a few.

    With nearly 70 years of experience they have built a solid reputation in the industry and among clients. From our turnkey solutions to our customized programs Clements Worldwide offers individuals and organizations worldwide coverage to fit their needs.  












  • 17 Mar 2017

    Global Chamber® Baltimore/Washington welcomed foreign exchange specialists from Tempus  to our international business session on March 10. Peter Stoutjesdijk (hedging specialist), Phyllis Riley (FX strategist) and Dr. Jon Min (economist), showed us how best practices in foreign exchange can protect your company's profit margins, lower costs, and boost competitiveness in the world market for both importers and exporters.



    The World Economy: What is happening and what to expect.

    • The Foreign Exchange market is $5.2 trillion per day and expected to grow.
    • The US Dollar is strong and is expected to become even stronger.
    • The Yen is a safe haven currency, very liquid but difficult to forecast.
    • Initially the British pound reacted negatively to Brexit but has stablized.
    • Expect the Canadian dollar to weaken along with oil prices.
    • Mexican economy is slowing down. (Good place to vacation!)
    • Switzerland has has negative interest rates, which means when you save in the bank - you lose money. 
    • U.S. growth expected to be about 2% in 2017. but there are many political risks.
    • In Europe, growth is expected to be about 1% and finally, no fear of inflation.



    International Payments: Foreign exchange considerations for managing currency risk.

    • Consider doing business overseas in foreign currencies. This makes more sense for the international buyers and keeps you competitive in foreign markets. Then protect your investment through foreign exchange best practices on the home front.
    • Utilize a sim[ple hedging strategy (Forwards, Standing Orders) to lock in the best exchange rate and eliminate foreign exchange risk.
    • Hedging can be very useful to companies selling their products/services outside of the country.



    To learn more about how your company can utilize foreign exchange to its benefit, contact Tempus at: