SAIB become the first Chinese broker for Lloyd???s

Lloyd’s of London officially approved Shanghai Asian Insurance Brokers (SAIB) to be a registered broker. Vincent Vandendael, the Lloyd’s director of Global Markets and Umron Ahmed, head of Broker Relationship Management officially issued the formal approval documents to chairman Bao Rongqing in person. Then, both sides had a discussion over the future development, and the officials from Lloyd’s believed the potentials of Chinese insurance market is large and showed the high expectation to SAIB’s overseas development.

The successful application to be Lloyd’s registered broker by SAIB is not only the significant strategic meaning to SAIB but also a milestone for Lloyd’s market as well as for Chinese insurance broker industry. In the future, SAIB will utilise strengths of Lloyd’s market to open up domestic reinsurance market actively to support the development of Chinese insurance industry.