Scottish Re boosts presence in Singapore
Scottish Re Group Ltd. will increase its reach in the Asia-Pacific region after securing a licence from the Monetary Authority of Singapore to open a full branch office.
The licence allows the Bermuda-based global life reinsurance specialist to boost its presence in Singapore from the representative office it established last October. The branch office will provide full marketing, operational and administration support to the Asia-Pacific markets including Japan, China, South East Asia, Korea and Australia.
?We are encouraged by the activity we?ve seen since we established the representative office affirming that the Asia-Pacific is one of the world?s fastest growing life reinsurance markets,? said Andrew Linfoot, Asia-Pacific Regional director and principal officer of the Singapore office.
?With a full branch office, Scottish Re will be able to take full advantage of available opportunities in the Asia-Pacific market and provide full service to our customers from this regional hub,? said Scott E. Willkomm, President and chief executive officer of Scottish Re Group Limited. ?This office further reinforces Scottish Re?s commitment to this growing market.?
