Country Profile - China: A Unique Entity in China
Source: Asia Insurance Review | Nov 2007
There were reports of some disagreement over the need to set up a Lloyd’s platform in China, but Mr Ian Faragher, Managing Director of Lloyd’s Reinsurance Company (China) Ltd, clarified that while in a widely diverse business like Lloyd’s some differences of opinion are inevitable, the large majority of Lloyd’s managing agents were highly supportive and that the operation would clearly add value for Lloyd’s Syndicates. He tells Asia Insurance Review how the idea came about and, with CIRC’s help, how Lloyd’s was able to open an office in booming China, plus what his key priorities are going forward.
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