Mr. Hector Ibarra
Agroasemex
Mexico

Hector Ibarra has been Reinsurance Director & Research and Development Director of Agroasemex since 2001, where he has developed an extensive experience in risk management related issues for the rural sector.

Within the duties he has performed, Mr. Ibarra has been responsible for the design of the retrocession programs of Agroasemex, a government owned reinsurance company specialized in the rural sector of Mexico (agriculture, livestock, aquaculture, etc.). In this regard he was the responsible for the design of the first weather derivative transaction for a development country.

As responsible of the consulting activities (R&D), he has leaded the efforts for the design of a computational CAT model to quantify the exposure for agriculture in Mexico. He has also participated as the leader consultant in countries like Nicaragua & Colombia, assessing those countries in risk management issues related to agriculture.

Prior to this, Hector Ibarra worked in several projects related to rural financial markets in Mexico, sponsored by the Government of Mexico & The World Bank.

Mr. Ibarra holds an economist degree from the Instituto Tecnológico Autónomo de México (ITAM), and will be engaged in a Master of Science in Financial Mathematical Degree at the University of Chicago next fall of 2003.