Bowring Marsh, the Specialist International Placement Broker at Marsh, has expanded its footprint in Asia with the opening in Hong Kong of its ninth office, specializing in property, earthquake, business interruption and casualty risks.
The Hong Kong office “provides greater placement support for business coming out of Greater China, and access to international markets for Marsh’s global clients, especially those emanating from the Pacific and Middle East Regions,” said the bulletin.
The new office joins eight others, “located in major insurance hubs around the world: Bermuda, Dublin, London, Miami, São Paulo, Singapore, Tokyo and Zurich.” The Hong Kong office will be led by Godwin Chan, who joins from Marsh in Hong Kong. He will report to Geoff Lambrou, Leader of Bowring Marsh in Asia.
Bowring Marsh CEO Nick Bacon commented: “The continued expansion of Bowring Marsh in Asia demonstrates our commitment to providing clients with access to the most competitive and secure international insurance markets no matter where they are in the world.
“Greater China is a significant focus for Marsh and the rapid development of insurance markets in the region makes it a prime location to access capacity for inwards international business. The launch of Bowring Marsh Hong Kong will help us to meet that growing demand more effectively and enable us to develop specialist product offerings from the Hong Kong market to support clients across Asia.
“Importantly, it also enables us to serve the growing needs of our Marsh retail operations, now the largest in Hong Kong, after the acquisition of HSBC Insurance Brokers Limited.”
He also noted that Chan “has over 20 years’ broking experience in the Hong Kong marketplace.”
Source: Bowring Marsh
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