- About us
- IBJ Awards
- Free Sample
- Contact us
Britannia granted Hong Kong licence
(Posted on 31/01/19)
Hong Kong’s insurance regulator, the Insurance Authority (IA), has granted Britannia a licence to underwrite business from its Hong Kong office.
This positive news is in line with Britannia’s strategy of ‘think global, act local’. This has seen new Exclusive Correspondents for the Association opening in Taiwan and Denmark and the recent purchase by Tindall Riley (Britannia’s Managers) of the Britannia exclusive correspondents in Japan and Singapore as well as Tindall Riley opening an office in Greece.
Britannia is also working towards activating its licence in principle, obtained in late 2018, which will allow it to underwrite business out of Singapore.
The Hong Kong branch office will continue to be managed by the very experienced existing team led by Tim Fuller as the Chief Executive, Richard Inman as Head of Underwriting, Gordon McGilvray as Head of Claims and Monica Kwok as Head of Finance.
“The granting of the Hong Kong branch’s licence in a short space of time is testament to the hard work of all involved in Hong Kong and London, along with the determination of the Hong Kong IA to support the local marine insurance sector” said Andrew Cutler, CEO of Britannia and the Managers.
“Half of our membership is based in Asia and the vast majority trade within the region. Establishing regional hubs in Hong Kong, Japan and Singapore is key to our strategy of providing our Members with a local service that is personalised and backed by a global presence in the market,” he continued.
Britannia recently announced that there would be no General Increase to the advance calls for the 2019/2020 policy year.
The Club’s strong financial position was re-enforced in September when S&P Global Ratings, the world’s leading independent credit ratings provider, reaffirmed its ‘A’ (stable) rating, adding that the outlook for the Club remains stable over the next three years based on the its current capital buffer which exceeds S&P’s 'AAA' level requirement.
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in... Read more
Mark W. Barker, the first new U.S flagged Great Lakes bulker in almost 40 years, has successfully completed... Read more
The first in a series of ground-breaking global wellness and mental health conferences designed exclusively... Read more
Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has announced... Read more
A 10-day trial onboard a Spar Shipping AS bulk carrier enabled a reduction of at least 75% in carbon... Read more
A new report published by Inmarsat, the world leader in global, mobile satellite communications, highlights... Read more
Mental Health Support Solutions CEO and founder Charles Watkins welcomes the recently published report... Read more
Columbia Shipmanagement (CSM) has announced a partnership with Berlin-based Fintech Kadmos to automate... Read more
In the latest demonstration of its commitment to supporting a more sustainable maritime community, North... Read more
ClassNK has released the "Guidelines for Ships Using Alternative Fuels (Edtion 2.0)," which sets forth... Read more