RFIB Group Ltd., the Lloyd’s insurance and reinsurance broker, announced the launch of RFIB (Singapore) Pte Ltd.
The new operation will serve as a hub for the continued development of RFIB’s presence across Asia, said London-based RFIB.
“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 Richard Johnston, managing director of RFIB’s international operations.
“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,” he 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,” said Dennis Mahoney, CEO, RFIB.
“We are committed to offering our services in specialist areas which increasingly demand expertise and market understanding,” he said. “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.”
RFIB’s new office is located at:
RFIB (Singapore) Pte Ltd.
Singapore Land Tower
50 Raffles Place
Tel: +65 6829 7170
Source: RFIB Group Ltd.
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