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GlobalSource Company News

GS partners with TDE, Saudi Arabia

July 16 - GlobalSource has signed a partnering agreement with TDE (Technical Development Est.), an established security company based in Khobar, Saudi Arabia. TDE will assist GlobalSource in marketing its existing service lines including physical security, corporate due diligence and country risk analysis. GlobalSource will be opening a representative office in Khobar in the near future. The company is expanding its operations in Saudi Arabia and the Arab Gulf region, under the guidance of James Dorsey, a long-standing member of our Advisory Board, and now Director, Gulf States.

GS assumes management of K-9 Security

April 02- GlobalSource has signed an interim agreement to manage K-9 Security Services Ltd., a leading private security and intelligence firm based in Cyprus with immediate effect, and with an eye to eventual acquisition of the concern. In another significant move to expand our capabilities in the security field, our advisory board member Aric Mutchnick has agreed to join our management team and has been appointed Director, Security Services.

Sponsors at ECC 2008

Feb. 28, 2008 - Again this year, GlobalSource was a sponsor at the annual Eastern Claims Conference (ECC), a major insurance industry conference (on whose board our new advisory board member Ann Healy is a member). It was held in New York's Waldorf=Astoria Hotel. Above, managing director Bill Hutman chats with Ann Healy at the GlobalSource stand. Director Thomas O'Dwyer, from Cyprus, and Chris Francke from the Fairfax office also attended the conference.

Ann Healy joins Advisory Board

Feb. 01, 2008 - GlobalSource is delighted to announce the addition of Ann Healy as another valuable member to our advisory board, expanding our expertise and enhancing relations with important clients in the insurance sector. Ann has more than 25 years claims experience in the Life and Health Insurance Industry - encompassing claim management, investigations, underwriting, contract interpretation, insurance law and compliance, and market conduct. Ms. Healy has managed claim operations in Canada and the United States and provided extensive consultant services to major US insurance carriers. For nine years she has specialized in domestic and foreign insurance claim investigations, most of that time spent working alongside and learning from a legendary master investigator, the late Joe Healy, who was also an active advisory board member of GlobalSource.

GS expands Advisory Board

Dec. 05, 2007 - The Advisory Board plays a crucial role in supporting GlobalSource, through the expertise of its members and in maintaining relations with our clients. We are therefore proud to announce the addition of two veteran journalists, who have agreed to act as Senior Advisors.
James Dorsey is a former Wall Street Journal correspondent with extensive experience in the Middle East and Africa, and Robert Walters is a former syndicated columnist and reporter with The Washington Star. James currently lives in Dubai and Bob in Washington, D.C. We are honored to welcome them to our team.
Company co-founder Bill Marshall has sold his interest in the firm to his partner Bill Hutman and left GlobalSource to pursue a new venture. GlobalSource thanks him sincerely for his contribution to the first years of the company and wishes him well.

All hands on deck for Maritime Cyprus 2007

Sep. 26, 2007 - GlobalSource was represented at the maritime industry's prestigious 4-day international conference at the historic Evagoras Lanitis Centre in Limassol. The conference is billed as "the leading event that brings together the world's shipping community." Manager John Colias represented GlobalSource at its stand, with assistance from two visiting company directors.

Intelligence Online profiles GS leaders

May 25, 2007 - The respected French-based international business and economic intelligence system Intelligence Online carries a profile of GlobalSource's advisory board in its latest edition. The article states:
"The GlobalSource firm that was founded by former ArmorGroup executives has appointed an advisory board on which intelligence specialists rub shoulders with former private sector bosses.
Frederick Hegner, who was vice president and special project advisor to the American insurance giant AIG until last year, has just been named to the advisory board of the U.S. investigative firm.

Up to now, GlobalSource, founded in 2004, had mainly recruited its advisors from among the ranks of former intelligence officers. The firm's consultative board is chaired by Gerard Burke, an ex deputy director of the National Security Agency (NSA) who founded one of the first business intelligence companies, Parvus, in 1984."
Intelligence Online is a subscription service, but we quote most of the article on our News Blog. It is featured on the front page of the current Intelligence Online in English and French.

Challenging insurance claims' in Toronto

Oct. 23, 2007 - GlobalSource staff made a presentation at the annual conference of the Association of Home Office Underwriters in Toronto on Oct. 23. The topic was "Challenging Claim Investigations: Fraud, Contestability and Death Claim Verification in Third World Countries". The focus was on fraudulent claims, including misrepresentation made at time of policy application. The presentation covered beneficiary involvement in the murders of insured persons, suicides, and body substitutions, and the problems of verifying claims in violence-wracked countries. Recent actual case studies were used for illustration.

Local focus for actuaries

Mar. 06, 2007 - GlobalSource gave a presentation at the ReFocus 2007 conference of the Society of Actuaries in Las Vegas, Nevada, March 06, titled "Life and Health Underwriting and Claims Adjudication in a Global Environment." The theme was that possessing local knowledge adds a new layer of complexity to underwriting due diligence and claims adjudication.

Cosponsor for March ECC meet

Mar. 04, 2007 - GlobalSource LLC was sponsor at the Eastern Claims Conference (ECC) insurance industry event, March 04-08, 2007 at the Waldorf-Astoria Hotel in New York City. Managing Director Bill Hutman delivered a keynote address which was to have been made by the late legendary investigator Joe Healy, a GlobalSource board member, who sadly passed away in January. The presentation was dedicated to his memory.
A summary of a GlobalSource workshop on "Conducting Foreign Death Investigations" can be found in our library at this link.

GS at Cancun global conference

Mar. 02, 2007 - GlobalSource director Thomas O'Dwyer was a guest speaker at the bienniel annual conference of Assa Abloy's Vingcard-Elsafe division in Cancun Mexico. He announced details of a new cooperative venture with Assa Abloy Hospitality, in which GloablSource will add a security consultancy package to enhance Assa Abloy's existing range of hotel security products.

GS director is guest speaker at EHMA, Munich

Feb. 23, 2007 - GlobalSource director Thomas O'Dwyer was the guest speaker at the prestigious annual convention of the European Hotel Managers Association (EHMA) in Munich, Germany. He delivered an address titled "Modern Terrorism and the Global Threat to Hotels." The slides presentation for the lecture can be found in our library at this link.

GS sponsors Seattle conference

Oct. 20, 2006 - GlobalSource LLC was a sponsor at the International Claim Association (ICA) insurance industry conference held in Seattle, from October 15-18.
The ICA conference is one of the largest for life and disability insurance in the country.
Our instructional "Guidebook to Detecting Life Insurance Fraud Overseas" can be found in our library at this link.

GS executives at Webster University

Oct. 05, 2006 - GlobalSource staff addressed Webster University graduate students at Bolling Air Force Base, who are studying Investigations Management, on the topic "Conducting International Investigations." The slides presentation to the class can be found in our library at this link.

GS invests in new Cyprus office

Oct 01, 2006 - GlobalSource Ltd., the Cyprus-registered branch of GlobalSource LLC, has bought a new property in Nicosia's central business district.
The new office, at 25 Pinelopis Delta Street, Nicosia 1076, further strengthens GlobalSource's established presence in both the Middle East region and in the European Union, which Cyprus joined in May 2005.
John Colias is our Cyprus office manager. Also based in Cyprus is our senior director Costas Achillides, with responsibility for operations in Greece and the Mediterranean region. The office telephone number is +357 22 102 201.