RFIB launches Singapore unit to serve as hub for Asia

RFIB Group, the international Lloyd’s insurance and reinsurance broker, has launched RFIB (Singapore). The new operation will serve as a hub for the continued development of RFIB’s presence across Asia.

Richard Johnston, managing director of international operations at RFIB, 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.”

Dennis Mahoney, CEO, 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.”

Get the latest re/insurance news sent to your inbox every day -  Sign up to our free email newsletters

Other stories from the SIRC Day Two newsletter

Reinsurance growth does not reflect the evolution of the exposures in Asia

Storm losses demonstrate importance of discipline in underwriting: Lloyd’s

Indiscriminate rate hikes will open door to new entrants

AGCS forced to mull onshore branches

Alternative thinking: the historic rise of ILS

Markel targets niche products shielded from competition

Insurers will seek to pass on rate hikes

UK may need to replicate Singapore’s regulatory approach

China & India ready for onshore growth

RMS launches new office in Sydney, Australia

Interview: Philip Chung S&P Global Ratings

Delegates at SIRC to firm relationships

$1m insurtech has Asia in its sights

Protectionist measures harm jurisdictions

Growth opportunity in long-tail business

Japan quake model tackles earthquake occurrence probability

Digital transformation a top concern of insurers

Don't miss our insurtech email newsletter - sign up today