Insurance broker increased EXIM insurance authorizations in 2017
FOR IMMEDIATE RELEASE April, 13, 2018
Linda Formella (202-565-3204); Chad Crowley (202-565-3216)
Washington, D.C. – Louisiana-based insurance broker J. Maxime Roy, Inc. has been named Broker of the Year by the Export-Import Bank of the United States (EXIM). J. Maxime Roy, Inc. will accept the award at EXIM’s 2018 Annual Conference, which is being held at the Omni Shoreham Hotel in Washington, D.C., on April 19-20.
Working with EXIM for more than 20 years, J. Maxime Roy, Inc. is one of the longest-standing brokers of EXIM’s export credit insurance. Headquartered in Lafayette, Louisiana (with associated offices in Houston and in New York City), the broker specializes in export credit insurance that helps American businesses to grow by enabling them to leverage foreign receivables as collateral for the capital needed to finance expansion.
“The satisfaction levels of new customers, the renewal rates of existing clients and the viability of the transactions brought to EXIM all testify to a broker’s ability to serve customers well. In all of these areas, J. Maxime Roy, Inc. consistently delivers outstanding results. EXIM gratefully recognizes their participation and achievements on behalf of America’s small businesses,” said Senior Vice President of Small Business James Burrows.
“EXIM Bank has been an invaluable resource for our clients, helping them to expand overseas sales and obtain financing of their foreign accounts receivable. As a result, many of these companies have hired more American workers to support their increasing overseas sales. We have been impressed by and have enjoyed working with the dedicated EXIM Bank staff, including the underwriters and support staff in Washington and in the regional offices throughout the United States,” said J. Maxime Roy, Inc. President Warren Bares.
Over the past five years, J. Maxime Roy, Inc. consistently has been among the top 12 EXIM brokers measured by both authorizations amount and count. In this period, J. Maxime Roy, Inc. brokered more than $425 million in EXIM insurance authorizations in support of exporters across the country.
In fiscal year 2017, J. Maxime Roy, Inc. was among the brokers that increased its count of EXIM authorizations. In 2017, 96 percent of EXIM insurance authorizations brokered by the firm supported U.S. small businesses.
In addition to its strong partnership with J. Maxime Roy, Inc., EXIM works closely with many other Louisiana firms. Over the past five years, EXIM provided $418 million in authorizations that supported approximately $800 million of exports sourced from more than 100 Louisiana exporters. Of those firms, 67 were small businesses, including eight minority-owned and six women-owned businesses.
ABOUT EXIM BANK:
EXIM Bank is an independent and self-sustaining federal agency that provides competitive and necessary export credit to overseas purchasers of U.S. exports to promote and support American jobs. A robust and fully functioning EXIM Bank can assist the United States in leveling the global playing field for U.S. exporters when they compete against foreign companies that receive the support of their national export-credit agencies. EXIM also contributes to U.S. economic growth and the support of more than a million jobs through the support of thousands of small and medium-sized enterprises (SMEs) around the country. Since 2000, EXIM Bank has provided $14.6 billion to the U.S. Treasury after paying for all of its administrative and program expenses.