ascot Underwriting has announced new appointments in its new Ascot Asia operation in Singapore.
The underwriter said Alex Lumby is to join as chief underwriter and principal officer, while Min Ong will join in June to underwrite on the energy and property accounts.
These appointments follow that of Arran Wooler, underwriting on the marine account, and Michelle Chan as office manager.
Lumby has been with Benfield Corporate Risk for the last 18 months where he led their launch into Australia and the Asia Pacific region, prior to which he was a senior vice president and managing principal with Marsh, responsible for their Pacific region Energy Practice.
Ong is currently a senior manager in the Energy team at Allianz Global Risk in Singapore, with nearly 20 years' experience in the international insurance and reinsurance markets.
Wooler was formerly divisional director with Willis, responsible for developing marine business in the Asia Pacific region, and with previous cargo underwriting experience in the Lloyd's market.
Ascot chief executive Martin Reith, said: “These are exciting appointments for us and Alex's extensive network of contacts in the region will strengthen our presence and build on the excellent work that Arran is currently doing on the marine side. I have absolute confidence that under Alex's leadership our office in Singapore will become a significant market in South East Asia.
“We are very pleased with the team we have assembled and we now have the innovative and entrepreneurial depth we have been aiming for in such an important regional trading hub.”
