RFIB Group, the international Lloyd's insurance and reinsurance broker, has launched its Singapore operations which will serve as a hub for the continued development of RFIB's presence across Asia. The new unit is called RFIB (Singapore) Pte Ltd.
Mr Richard Johnston, MD of International Operations, said: “Asia represents a key growth area for RFIB and our new office in Singapore will be central to our continued expansion in the region. RFIB Group’s expertise in Marine and other specialty reinsurance classes will be core to our proposition in the region. We will also develop opportunities with other local businesses who share our client-focused philosophy.”
Mr Dennis Mahoney, CEO of RFIB, said: “Our growth strategy is to expand our presence in those geographies where we can add value to clients. We do not want to be just another (re)insurance broker in a saturated market. We are committed to offering our services in specialist areas which increasingly demand expertise and market understanding. Our new Singapore business is a practical example of this philosophy. We have a clear and ambitious strategy for our new offering and I am certain that RFIB’s business will quickly differentiate itself in the Asian market.”
London-headquartered RFIB is an independent international insurance and reinsurance broker, with eight offices in major international centres.