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Beazley expands into Singapore

Specialist insurance company Beazley Group has expanded its engineering and construction insurance team into Singapore with the opening of a new office and the appointment of two new underwriters.

The newcomers, Byran Lee Guan Leong and Wong Jyh Lih, will be based in Singapore, writing Asian market (excluding Japan) engineering and construction insurance and reinsurance business for Beazley.

Beazley’s move to establish a dedicated underwriting presence in the region has been driven by a desire to participate in its rapidly growing area of engineering and construction insurance and reinsurance.

We believe that there is significant growth potential in the engineering and construction line of business in Asia, and a presence in Singapore will be the perfect hub for sourcing business, stated Jonathan Gray, head of the property group at Beazley.