JLT boosts political risks team in Asia

Broker JLT has further strengthened its specialty expertise in credit, political and security risks (CPSR) with new hires in Hong Kong.

Edmond Yuen has been hired as divisional director, while Stephen Chan and Koh Wei Jun have joined the team as account managers.

All three will working with the CPSR team in Hong Kong to enhance the role of JLT in credit and political risk insurance consultancy and broking.

Mark Wong, managing director of CPSR in JLT Asia, said: “Hong Kong has been recognised by multinational corporations and financial institutions as the ideal business headquarters and financial hub. Addressing the issue of credit and political risks has become an increasingly important part for their risk management strategies.”

David Lum, deputy chairman of JLT Asia, said: “Our new business success continues to flow from our Specialty-led approach and we are increasing our Specialty resources and focus on country operations. Our market position gives us significant leverage in all key credit and political risk insurance markets, to meet the requirements of our clients.”