The evolution of Munich Re Specialty in Singapore - a 25-year journey
Article by Hui Yun Boo
08/02/2024
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In the beginning, Munich Re Specialty’s original offering to Lloyd’s Asia was based on its well established and traditional marine classes. 25 years later, we take pride in having innovated, expanded and diversified our solutions and coverage to occupy a key position in Renewables and Project Cargo, while also un writing Marine Cargo, Marine Liability, War and Terrorism, Contingency and Engineering on behalf of the Syndicate from Singapore. Crucially, we’ve fostered important consortium partners, backed by solid capacity and financial backing, enabling us to collaboratively work together to consistently deliver successful outcomes for our clients.
If I were to highlight one key factor of our growth, it would be how we’ve been driven on by a talented and dedicated team across Asia and globally. The development of our offering here could not be achieved by Singapore alone without the close relationship and support of all Munich Re Specialty colleagues around the world.
To mark this milestone, I was delighted to host an intimate gathering with our broker partners and colleagues from around the world to celebrate and express my gratitude to them for their continued support throughout the years.
At the heart of every aspect of our market is partnership, and without this, we cannot succeed, and that is exactly what makes our region so special.
Hui Yun Boo
CEO of Munich Re Specialty - Global Markets, Syndicate Asia
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Our relationship-based approach and broad range of solutions and services remain unchanged. Munich Re Specialty is positioned to provide you with the confidence and peace of mind you need to thrive in today’s dynamic insurance landscape.