Honan launches Honan Re, led by Honan Asia MD White

Honan Insurance Group has launched a new reinsurance offering to the broker marketplace. Honan Re, which will commence operations this week, will be based in Singapore and will be headed by Honan Asia’s managing director Eliza White. It will offer facultative reinsurance solutions to the organisation’s insurance partners.

Commenting on the announcement, Honan Insurance Group’s executive chairman Damien Honan said: “We’re very proud of the reinsurance offering as it deepens and broadens the group’s capabilities and further enhances Honan’s reputation as an industry leader.

“The establishment of Honan Re has also been a personal goal of mine, to build a reinsurance team to support the wider Honan group since we commenced operations in Singapore in 2012. In the current marketplace conditions, we believe it is the best time to launch this initiative and continue to expand Honan’s capabilities and the support we offer our insurer partners.”

Honan chief executive officer Andrew Fluitsma said the launch comes at an opportune time when the market needs additional capacity and innovative thinking.

“The addition of a reinsurance offering reflects Honan’s attitude of constantly pushing the envelope to develop and deliver leading edge solutions,” he said. “It’s also a testament to the efforts of our incredible team and the success we’re building throughout the region.”

Honan Re will support Honan Insurance Group’s partners throughout the entire reinsurance cycle. Singapore was selected as the base for Honan Re for its reputation as the insurance hub of Asia Pacific and strategic geographical position that offers access to international markets in Asia, Australia, Europe and North America.

Eliza White said: “The launch of Honan Re demonstrates our ability to innovate and offer clients coverage that meets their changing circumstances and challenges. We will quickly bring together experienced reinsurance minds and utilise latest technology and robust analytics to address the insurance needs of our partners.”

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