Singapore / Hong Kong, 20 July 2010 – 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.
Specialising in property, earthquake, business interruption and casualty risks, Bowring Marsh’s Hong Kong office provides greater placement support for business coming out of Greater China, and access to international markets for Global Marsh clients, especially those emanating from the Pacific and Middle East Regions.
Bowring Marsh has eight other 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. Mr Chan will report to Geoff Lambrou, Leader of Bowring Marsh in Asia.
Commenting on the opening of the office, Nick Bacon, CEO of Bowring Marsh, said: “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.
“I am particularly pleased that Bowring Marsh Hong Kong will be led by Godwin Chan, who has over 20 years broking experience in the Hong Kong marketplace,” Mr Bacon added.
Contact:
William Sargent
+65 8139 7400
william.sargent@marsh.com
About Bowring Marsh
Bowring Marsh is the specialist international placement broker at Marsh for property, casualty, terrorism, with teams of placement professionals in Bermuda, Dublin, London, Miami, São Paulo, Singapore and Zurich providing face to face negotiations and delivery of the latest products, capabilities and insurance capacities to our clients. We also have specialist Financial and Professional teams in Bermuda and Singapore, and a construction team in Singapore. Bowring Marsh’s brokers have the industry expertise, technical skills and global insurer relationships to be able to design programmes and place complex risks, securing the optimum pricing and cover for our clients, bringing placement expertise in the main international market hubs into an integrated global network.
About Marsh
Marsh has over 23,000 employees and provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with approximately 52,000 employees and annual revenue exceeding $10 billion. MMC also is the parent company of Guy Carpenter, the risk and reinsurance specialist; Kroll, the risk consulting firm; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. MMC's stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. MMC's Web Site is www.mmc.com. Marsh’s Web site is www.marsh.com.
