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.”
Jentzu Pan will head the office, Benfield said. Mr. Pan's background includes working for the last 15 years at Cathay Financial Group in charge of reinsurance operations across all lines of business including both treaty and facultative placements.
The new office was issued its Operational License by the Insurance Bureau of Taiwan at the end of June.
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