Ironshore Insurance Singapore is expanding Political Risk business lines, growing Political Risk & Trade Credit unit capacity from $15 million to $50 million and hiring Sam Lim as Political Risk & Trade Credit Underwriter, for the Asia Pacific region.
Lim joins from AIG and will report to Boo Hui Yun, Managing Director, of Ironshore Asia Pacific.
“Insurance industry appetite in Asia for specialty lines products dedicated to uncertain, emerging risks is driving heightened market demand,” said Hui Yun; “We recognize the value of broadening our reach by increasing our capacity throughout the region, with Sam now on board to support Ironshore’s growth in this business lines portfolio.”
Ian Rouse, Head of Political Risk & Trade Credit for Ironshore, Asia-Pacific commented; “Sam has a successful track record in developing specialty lines in the Asia-Pacific region.
“We are delighted to have him on board and further enhance our offering to brokers and clients” Ironshore’s Political Risk unit offers structured, international policy protection for in-country or cross-border exposure to government actions and political risk events.”
Trade Credit coverages provides obligor default risk mitigation for corporate and financial institutional clients.
Ironshore International underwrites these lines of business in the Asia-Pacific region through its Ironshore Insurance Singapore branch and the Pembroke Lloyd’s Syndicate as well as third party paper in Australia, Hong Kong and Japan.
