FP Marine Risks Limited has become the first Asian-based insurance broker to achieve full accreditation at Lloyd's.
The announcement came following three years of mandatory provisional accreditation during which FP Marine Risks demonstrated its support of the Lloyd's market and its ability to fulfill the role and responsibilities of a Lloyd's broker.
“We are very pleased to have secured our full accreditation from Lloyd's” said Philip Bilney, executive director of FP Marine Risks. “It remains the world's leading marine insurance market and our direct access to it forms a cornerstone of our service offering in Asia.”
Charles Whiteaway, London-based executive director added: “Specialising in marine insurance broking makes us unique in Asia; as an accredited Lloyd's broker we further distinguish ourselves. To our clients, we can provide ongoing, direct access to Lloyd's, affording them the best risk protection the London market can offer.”
Tony Egerton, president, Lloyd's Asia-Pacific, said: "Recent Lloyd's research on Asia showed that there is a growing demand for brokers in the region, so FP Marine's full accreditation is timely indeed. As the economy and opportunity in the region continues to grow, we would expect others to follow."
