Part of Asian growth strategy; enhances access to Greater China insurers

Hong Kong, 21 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 Marsh’s global 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.