Navigating Recalls: Financial Implications For Motor Vehicle Components Webinar

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Motor vehicles represent some of the most sophisticated and advanced products manufactured today.  However, with this complexity comes the heightened risk of product recalls, which can impose severe financial burdens on automotive component manufacturers and the supply chain.

Join industry peers – Component Suppliers, Aftermarket, OEMs, Distributors and Retailers for this comprehensive webinar designed to equip you with the knowledge and tools necessary to navigate the complex world of recall management as we delve into key topics such as:

Recall Data & Insurability: Analyze recent recall data and trends and their insurability impact on component manufacturers.

Prevention & Preparation: Explore strategies to prevent product recalls and discuss comprehensive preparation plans.

Risk Engineering: Detailed insights for stakeholders on recall insurance coverage and risk mitigation.

Response to Claims: Learn effective claim management to effectively minimize impact.

Financial & Reputational Damage:  Discuss solutions to lessen financial and reputational harm, ensuring brand recovery.

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Speakers:

Christof Bentele, President – NEXUS SPECIALTY CASUALTY

Geoffrey Mills, Managing Director, Practice Leader Product Recall Practice Group  – MARSH 

Ray Roth, Director, Disputes, Compliance, & Investigations Group – STOUT

Christof Bentele is President of Nexus Specialty Casualty, a US domiciled A-rated insurance agency, specializing in automotive recall insurance, amongst other verticals. He joined Nexus in 2022 from Allianz Global Corporate & Specialty where he served as the Managing Director of the Alternative Risk division and before that the Global Head of Crisis Management, including running one of the largest global auto recall portfolios globally. In addition to leading groups at Allianz, he also held Chief Broking Officer positions at JLT Group, and AON. Christof started his career with AIG where he ran the manufacturing vertical in Europe. He is an alumnus of Kellogg School of Management, Insead Business School, Cologne and Freiburg law schools and Witten-Herdecke University.

Raymond Roth is a Director in the Disputes, Compliance, & Investigations group as well as the Automotive Recalls Practice Lead.  Mr. Roth has extensive working with original equipment manufacturers (OEMs), government regulators, and other industry stakeholders in regard to recall administration, risk analysis, compliance, outreach and data analysis.

Geoffrey Mills is the Managing Director and Practice Leader of Marsh’s Product Recall Practice Group. Prior to joining Marsh, he spent 10 years as the Managing Director of Aon’s Crisis Management Practice where he was responsible for Aon’s Product Recall book for North America. Prior to joining Aon, Geoff worked with AIG’s international arm, American International Underwriters where he served as the North American manager of their Crisis Management Division. In this capacity he was responsible for crisis management products within AIU’s seven regional offices throughout the US and Canada.

Raymond A. Roth, III is a Director in the Disputes, Compliance, & Investigations group as well as the Automotive Recalls Practice Lead. Mr. Roth has extensive experience in working with original equipment manufacturers (OEMs), government regulators, and other industry stakeholders in regard to recall administration, risk analysis, compliance, outreach and data analysis.