New Dawn Risk expands presence in Asia with SpecialistRe partnership
Charlie Wood — Specialist insurance intermediary New Dawn Risk is entering into a partnership with Singapore-based advisory and consulting firm SpecialistRe.
It’s hoped the move will strengthen the company’s reach and offering across China, Japan and South-East Asia.
SpecialistRe was established in Malaysia and has been operating in Singapore since 2015 as an advisory and consulting firm with a strong focus on treaty reinsurance.
The company leverages technology in association with its insurtech partners to provide risk transfer arrangements for its network of cedants across Asia.
“At this time of unprecedented change, Asia is powering growth in the global insurance industry,” said Max Carter, Chief Executive Officer of New Dawn Risk.
“We have been tracking opportunities in the region for some time, and our new partnership with SpecialistRe – a well-established presence in Singapore – will help us to deliver experienced expertise for treaty reinsurance in the specialty space.
“As we further extend our international footprint so we can best meet the evolving needs of cedants and reinsurers, we will continue to maintain our core focus on professional indemnity, financial and specialty liability lines, as well as accident & health, both on the direct and on the reinsurance sides.”
Andrew Harris, Managing Director at SpecialistRe, added, “We are delighted to be partnering with New Dawn Risk at this time of evolving change in the reinsurance market.
“The ability to provide independent treaty capability in these specialist growth areas is an exciting development that will allow us to broaden the range of solutions we can provide to clients.”