RFIB launches Singapore operation in Asian expansion

Lloyd’s re/insurance broker RFIB Group said on Oct. 30 that it has launched RFIB (Singapore). The new operation will serve as a hub for the continued development of RFIB’s presence across Asia, according to the statement.

“Asia represents a key growth area for RFIB and our new office in Singapore will be central to our continued expansion in the region,” said managing director international operations Richard Johnston.

“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.”

CEO Dennis Mahoney, added: “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.

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