He will also have responsibility for the marketing of space risks to the Asian space-insurance community.

“The opening of the Hong Kong operation is a game changer that will consistently improve execution and success with customers, markets and prospects,” says McGilvray. “Furthermore, it allows us to centralize our efforts, streamline our approach to the region by improving access, and focus on the enormous potential contained within the Asian region.”

ISB CEO Jeffrey Poliseno says, “The decision to create a presence in Hong Kong was in direct response to those clients and prospects in the region that have called upon the insurance brokerage community to have subject-matter experts locally based. Hong Kong is a pivotal hub in Asia, and we are thrilled to further enhance our servicing capability and product offering within the Asia-Pacific region.”

Thierry Mangot, chairman of ISB, adds: “This strategic investment not only demonstrates the commitment of Aon to the Asia-Pacific region, but reflects its dedication to contribute to the fantastic growth of the regional space industry. Our customers in the region will benefit from the resources allocated to our new office in Hong Kong as their needs are addressed in a timely and efficient manner.”

In addition to its Hong Kong operations, ISB maintains a presence in Washington, DC, London, Paris and Madrid.

China, India and Japan have pursued a space program for years.

Last month, China launched the Zhongxing-10 communication satellite, one in a series of active programs in the country. Other participants include China and India.