Insurance Executive Peter Harris Explains How He Grew CBL Using Innovative Strategies

Peter Harris is an international businessman who resides in Auckland, New Zealand. He began his career working as a chartered accountant. In 1989, he became the finance director and shareholder of Boston Marks Group Ltd. After a four-year stint at General Capital Ltd. as its chief executive officer, he joined CBL in 1996. He was named CEO and managing director of the insurance firm in 2007.

Under his leadership, CBL became the largest insurance firm based in New Zealand. It had clients around the world, including Malaysia and France. Its financial health was rated as A-(Excellent) by the international rating frim AM Best. CBL was earning more than $400 million a year in 2018. Peter Harris was recognized with multiple accolades, such as the EY Awards naming him “Entrepreneur of the Year.”

In 2018, French insurers unfairly targeted CBL. Peter Harris explains this resulted in the Reserve Bank of New Zealand (RBNZ) investigating his company. RBNZ assigned an inexperienced liquidator to the case, which resulted in Peter Harris and his fellow shareholder Alistair Hutchison losing what they had built up over the years. Peter Harris has been working to make sure all of his company’s residual creditors and policyholders are taken care of.

Earlier in his career, Peter Harris realized that a great profit could be attained by taking on more risk than most banks. He saw the risks could be mitigated through innovations. This included surety solutions, guarantees, and credit enhancements. He put the plan into action in 1996 after buying an insurance company. It was a small business, but Peter Harris and his business partner saw enormous potential.

Peter Harris recalls that they realized they would need to expand internationally to be truly successful as New Zealand had a population of just four million people. They sought clients and opportunities overseas, including in Asia and Europe. This coincided with the rise of the internet and email making it far easier to do business on a global scale. He put the long-term good of the company over short-term results, a strategy that paid off in two years as the company became profitable and had tremendous growth.

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James Dondero and Tough Zoos

James Dondero doesn’t cower for anyone. That’s because he’s an All-American businessman who has carved out quite a niche career-wise. He’s carved out quite a niche for himself in the charity and philanthropy divisions as well. Jim Dondero’s college education took place at the University of Virginia in tranquil Charlottesville. It was a rewarding one, too. The youngster enrolled in many financing courses back then. He enrolled in just as many accounting ones. He had his sights set on a career as a capable investment banker. Once he graduated from the famed Central Virginia school, he was ready to begin work with JP Morgan. His work with JP Morgan proved to be highly rewarding. It set the stage for yet another job offer for him. This offer came from American Express. Jim Dondero managed to impress all of his American Express coworkers.

Dondero decided that he wanted a slight career change not long after the start of the nineties. He collaborated with investment banker Mark Okada and decided that they needed to take action. They took action and set up a company they called Highland Capital Management. Although this firm initially was headquartered in Los Angeles, California, Dondero and Okada swiftly changed that. It’s been running in Dallas, Texas since the middle of the nineties. It’s been thriving in the Big D since then as well. People who live and work in Dallas are often extremely well-versed in it.

Jim Dondero doesn’t dismiss the rewards of charity. He doesn’t dismiss the rewards of philanthropy, either. He regularly devotes himself to all sorts of local charity and philanthropy happenings. He has friendships with all sorts of widely known charity and philanthropy figures in the area, too. James Dondero is a person who regularly tries to make the Dallas Zoo a lot tougher.

HCR Wealth Advisors Help Clients Plan Finaances

HCR Wealth Advisors was started in the year of 1988. HCR Wealth Advisors is a firm that is a wealth management company. They create strategies for clients who are seeking financial and investment advice. They mainly try to be supportive of the various transitions people go through throughout life. Major life events like births, deaths, marriages, divorce, buying a business, starting a business and retirement can drastically affect a person’s finances. The firm tries to enable clients to have a financially secured future.

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The mission at HCR Wealth Advisors is to form healthy relationships with clients that last a long time. Some clients have done business with the wealth manager for over ten years. Long lasting relationships like these last because of communication, customer service, being trustworthy and educating clients about wealth management. The advisors here want to analyze a client’s finances, look for financial risk and try to help the client dodge any financial pitfalls or mistakes.

When clients get a service from HCR Wealth Advisors they are paying for strategy. This firm has thought provoking strategists who are skilled and smart. These strategies serve the client with an array of investment options that are tailor-made with the client in mind.  This firm is one of kind and this has allowed them to remain in business for thirty years. They use an advisory model when working with clients. They do not own of the assets of the client. Instead, accounts remain at a SIPC-insured institution.

The concern of most wealth management clients is that they will outlive any assets they have acquired. This sadly happens too often when people do not plan responsibly for affording retirement, major life changes, emergency expenses or a decrease in income. Not planning for a change in income or how to protect one’s assets can leave a person living a lifestyle that either cannot afford or do not like. HCR Wealth Advisors hopes that their strategies, advisors and perspectives allow people to rest assured that their assets will be able to support them for their entire lives.,30.htm

This article is for informational purposes only and should not be considered investment advice. HCR Wealth Advisors is not affiliated with this website.