QBE Asia has announced that its protection and indemnity (P&I) office in Singapore will be rebranded as British Marine, as of January 1, 2023.
QBE acquired British Marine in 2005. Founded in 1876, it is the largest fixed P&I insurance provider, specialising in marine insurance for owners of small, medium-sized and specialist vessels.
The firm’s Asia P&I office in Singapore was originally set up in 2013 to offer identical coverage to that offered by British Marine.
Guy Pierpoint, Portfolio Manager, British Marine, commented: “Our office in Singapore has been in operation since 2013 and has developed a strong reputation in supporting the shipping sector throughout the region. I am very pleased to announce that from 1st January 2023 we will align the Singapore office under the British Marine name as a part of our global product alignment. Alongside colleagues in London, we will continue to strive to provide best in class security and service.”
Kamel Tlili, Head of P&I Underwriting, British Marine, Asia, added: “British Marine is a longstanding and well-established name, and the change reinforces our unified approach as a team. We offer a leading alternative to the P&I clubs with comprehensive products, in-depth experience and the financial strength and security to deliver on our promises.”
Meanwhile, QBE Europe, a business insurance specialist part of QBE, recently announced the launch of Warranty and Indemnity (W&I) insurance within the continent.