We are delighted to announce the opening of Latitude Brokers Pte Ltd in Singapore. We are very pleased to have received approval from the MAS and are excited to be at the centre of Singapore’s vibrant shipping and insurance market.

The new operation will be focusing on the operators, traders and offshore contractors within Singapore and, in conjunction with Latitude’s Hong Kong office, our clients across Asia, India and Australiasia.

Charles D’Alton, a Founding Partner of Latitude, is returning from Hong Kong to head up the office in Singapore, where he previously spent 5 years underwriting with the Standard Club Asia Ltd. Kevin Lim joins us from Nanyang Business School where he graduated with a degree in Banking and Finance. The team will grow with the appointment of a senior broker in late August.

Singapore is well known to us already, with (in addition to Charles) Andrew Brooker having been in Singapore from 2001 to 2004 with a multinational broker before Hong Kong. With the Lloyd’s Singapore platform now consisting of 22 markets and almost all the IG Clubs (and some fixed premium markets) either having, or applying to open offices in Singapore, as a market place in Asia, it has been a critical component to our placement strategy for many years.

Add to that the nearly 500 members of the SSA and over 400 commodity traders within one of the world’s largest trading hubs, there is no doubt that adding Singapore to our Hong Kong operation fits perfectly with our strategy to be close to our clients and markets.

Latitude Brokers Pte Ltd, a wholly owned subsidiary of Latitude Brokers Ltd (Hong Kong), has been granted both a direct and general reinsurance broking licence by the Monetary Authority of Singapore.

Download the press release for additional details.