Articles - Swiss Re International open Singapore branch

Swiss Re Corporate Solutions announced today that its wholly-owned Luxembourg subsidiary Swiss Re International SE has set up a branch in Singapore

 Swiss Re Corporate Solutions announced today that its wholly-owned Luxembourg subsidiary Swiss Re International SE has set up a branch in Singapore and received an insurance licence from the Monetary Authority of Singapore.
 The newly licensed entity, Swiss Re International SE Singapore Branch (SRISG), will begin operations immediately. It will offer a broad range of direct insurance products to large and upper end middle market corporate clients, as well as to captives in Singapore and selected markets in Asia. In addition to standard Property and Casualty insurance, the product offering will include Professional and Financial lines, Engineering, Aviation, Marine, Credit and customised risk-transfer solutions.
 Fred Kleiterp, Head of Asia Pacific for Swiss Re Corporate Solutions, says: "This is a significant milestone for Swiss Re Corporate Solutions in Asia, a region to which we are committed for the long term. The licence will enable us to play a more prominent role in the region's commercial insurance sector and better serve the domestic and wholesale markets.
 "Clients in Asia will benefit from a wide product range with local representation, supported by Swiss Re Group's global resources and expertise," Mr Kleiterp adds.
 Angela Kelly, a Swiss Re executive with more than 20 years of experience in the industry and a profound understanding of the Asian business culture, will act as SRISG's Chief Executive. Ms Kelly is based in Singapore and will keep her current position as Head of Casualty Asia for Swiss Re Corporate Solutions.
 "The new licence will play a key role in our strategy to grow our portfolio in Asia," says Ms Kelly. "We are convinced that Swiss Re Corporate Solutions' value proposition, anchored in our strong financial ratings, large net capacity, innovation skills and demonstrated underwriting knowledge, will generate significant value to brokers and clients in the region."

Back to Index

Similar News to this Story

The Pension Transfer Gold Standard
The Personal Finance Society (PFS) has seen more than 600 advice firms sign up to its Pension Transfer Gold Standard (PTGS) since it was announced i
Your insight into cost transparency
The benefits of widespread cost transparency implementation by pension schemes has been made clear in the Netherlands, where KAS BANK has been collect
Mobile Video Technology changes the game for home insurance
A couple I know were burgled before Easter. It was a professional job - the burglars left the bleach and cloths they used to wipe away their fingerpri

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.