The Zurich Financial Services Group has opened the Zurich Insurance Company Singapore branch, which becomes operational today, May 5, 2008.
It will provide a full scope of insurance services to corporate and commercial customers based in Singapore and across South East Asia, including energy insurance products as well as trade credit and political risk insurance.
Geoff Riddell, CEO of Zurich Global Corporate, noted: “Singapore is developing rapidly as a regional insurance market and is also a vibrant economy which is home to many large and fast growing companies and hosts the regional headquarters of many multinationals. In addition it has one of the busiest ports in the world and at the same time is a leader in new biotechnologies, petroleum refining and manufacturing computer components.
“We see our upgraded presence in this market as an opportunity to strengthen Zurich’s position in South East Asia and to promote Zurich’s continued profitable growth in this region.”
Johnny Chen, Zurich’s Greater China and Southeast Asia CEO, added: “This marks a key milestone in our expansion of products and services in the region and sends a strong signal to our customers that Zurich is committed to providing relevant solutions for both Singapore-based and globally operating companies.”
Source: Zurich – www.zurich.com
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