|
|
July 12, 2010
The board members of the Worldwide Broker Network (WBN), an insurance broking network representing USD25bn of insurance premium placed annually, will meet in Singapore from 15th to 17th July to explore development opportunities in Asia. Owners and Chief Executive Officers of some of the world's largest independent brokers selected Singapore for its 2010 annual board meeting, and will convene to discuss strategic issues and visit insurance carriers and multi-national clients with operations in Singapore.
Says Lawrence Adam, Chief Operating Officer of Sterling Knight, the Singapore representative of the WBN, "We believe that overseas brokers of the WBN could contribute significantly to the growth of Singapore as a centre for global insurance. Since our acceptance into the WBN in November 2006, we have worked with the network to put into place over 80 insurance programs for clients of our partner brokers within the network, and this continues to grow."
The meeting's theme will be "Insurance Business in Asia Today and Tomorrow" and will include seminars and presentations by insurance carriers in Singapore, as well as a visit to Lloyd's Asia. Says Damien Honan, WBN Chairman "We have board members from Europe, North and South America and they are very interested in the region and the developing impact it will have on their brokerages and clients."
This meeting is partly sponsored by Sterling Knight and Singapore registered insurer First Capital Insurance Ltd.
About the Worldwide Broker Network (WBN)
The WBN represents insurance broking operations that have USD25bn premium under control. The WBN has more than 70 members in 60 countries. WBN members represent 500 offices with over 15,000 employees worldwide.
www.wbnglobal.com
About Sterling Knight
Sterling Knight Pte Ltd, established in 1973 and headquartered in Singapore, is the exclusive Singapore representative of the Worldwide Broker Network. Sterling Knight Pte Ltd specializes in assisting corporations in arranging general insurance and employee benefits. Sterling Knight Pte Ltd is licensed by the Monetary Authority of Singapore to provide general and life insurance broking services in Singapore.
www.sterlingknight.com
About First Capital Insurance
First Capital Insurance Limited (FCIL), was established in Singapore in 1950 under the name of The Public Insurance Company Limited. In 2002, FCIL became a wholly owned subsidiary of Odyssey America Reinsurance Corporation (Odyssey Re). Odyssey Re is a company listed on the New York Stock Exchange with "A" (Excellent) Stable rating by A M Best and "A-" (Strong) Stable rating by Standard & Poor's (S&P)
www.first-insurance.com.sg
About Lloyd's Asia
Lloyd's Asia is located in Singapore and was established in 1999 to give Lloyd's an underwriting base in Asia. Lloyd's license in Singapore enables Lloyd's syndicates to write both local and offshore business from Singapore through the establishment of local service companies.
www.lloyds.com/Lloyds/Offices/Asia/Singapore
