UK broker adds to Asian subsidiaries
Miller insurance Services is strengthening its presence in Asia Pacific with the opening of a new Singapore office.
The launch follows on from 18 months of significant developments within the country, including rapid growth in the number of underwriters present in the market, growing autonomy of Singapore-based international underwriters, and the growth of Lloyd's operations from 3 to 13 syndicates since 2005, with new syndicates starting this year.
The company has operated in the Asian region since the 1970s and the Singapore office will add to a network that includes subsidiaries in Malaysia, Hong Kong and Taiwan.
Paul Davies, chief executive of Miller Insurance Services, Singapore, said: "Singapore is a key developing market and we expect to see many Asian domiciled risks, including some of those currently placed in London, gravitate to Singapore in the future. We want to establish a regional broking hub for our international network of clients and offices to access the Singapore market and support its development."
Julian Taylor, board director added: "We feel that by being fully represented in Singapore we will be able to supply the level of service that our clients expect by having the intimate day to day knowledge of activity in the market.”
