London-based reinsurance brokerage Benfield said it has opened a branch office in Taipei, Taiwan to service its growing customer base in the territory and to further enhance its presence in China.

“We have enjoyed a long history of involvement with the Taiwanese market and we are delighted to announce this expansion of the group's operations,” said Grahame Chilton, chief executive of Benfield.

Mr. Chilton said the firm sees “a significant opportunity to develop our existing relationships and expand the provision of our market-leading broking and risk advisory services in Greater China.”

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