Kay International AMEA Limited, an independent underwriting managing agency and reinsurance brokerage, has established a wholly owned subsidiary in Singapore, with the aim of expanding its facultative and treaty reinsurance broking and placement services to South East Asia.
The company received its final approval from the Monetary Authority of Singapore (MAS) in February 2024, and is authorised to commence reinsurance broking and placement services from its new office at Asia Square, which is located in the heart of Singapore’s business district.
At the same time, the company announced that it has appointed Ho Wing Hoong as its Regional Chief Executive Officer and Director to lead its new organisation in Singapore.
Ho brings a deep degree of industry expertise towards the role. He has over 23 years of reinsurance business management experience with robust Facultative and Treaty underwriting management expertise across Asia and the Middle East.
Commenting on his new role, Ho said: “I am extremely excited to be part of the family, Kay International AMEA, and involved in this expansionary journey across South East Asia. Serving our stakeholders from our new Singapore office offers efficient, quality and thorough reinsurance broking services and solutions by tapping into our reinsurance network that have been nurtured through our Miami and Dubai regional hubs over the last seven years.”
In a statement, Kay International AMEA Limited said that Singapore was the unrivalled location to establish its new regional hub, which ultimately positions the company closer to its insurance clients based in South East Asia.
Kay International AMEA Limited is authorised and regulated by the Dubai Financial Services Authority (DFSA) and operates out of the Dubai International Financial Center (DIFC).
