Protection and indemnity club Steamship Mutual P&I Club has been given a licence in Hong Kong by the Hong Kong Insurance Authority , its third in Asia after Singapore and Tokyo.
"Hong Kong Insurance Authority has formally authorised the Club to establish a branch in Hong Kong from 17 August 2018," said the Club in a statement.
Steamship Mutual is the first P&I Club to gain authorisation from the new independent statutory authority which commenced operations in 2017.
The Club has maintained a presence in Hong Kong for almost 30 years, and formal authorisation provides a solid platform to deliver the full range of P&I services to members and brokers, especially underwriting and claims services predominantly for owners and charterers based in Hong Kong, China and Taiwan.
Mr Rohan Bray, who has been with the Club for 24 years on the claims side, the last 20 of those in Hong Kong, assumes the role of CEO of the branch and head of the office. Of a staff totalling 11, claims handling service is provided by seven, including three qualified solicitors to enhance the branch’s Freight, Demurrage & Defence (FDD) capability.