Lloyd’s Asia is located in Singapore and was established in 1999 to give Lloyd’s an underwriting base in Asia. Lloyd’s license in Singapore enables Lloyd’s syndicates to write both local and offshore business from Singapore through the establishment of local service companies.
In the past three years, the Lloyd’s Asia market has grown exponentially. Firstly, the number of service companies operating within the Lloyd’s Asia trading centre has grown from three businesses in 2005, to 15 as at October 2008. A listing of the organisations that operate on the Lloyd’s Asia trading platform is shown below.
Lloyd’s Asia’s growth is illustrated in the substantial increase in gross premiums written by the market. In 2005, the aggregate gross premium written by Service Companies was US $46m. By 2007, that figure had grown to US $126m. Lloyd’s Asia is well on its way to developing a leading presence in the region.
There are no regulatory restrictions on Lloyd’s Asia underwriters over whom they can do business with. Lloyd’s Asia underwriters may deal directly with clients, brokers and agents (local and foreign).
Lloyd's of London (Asia) Pte Ltd is the representative office of Lloyd's. The Lloyd's General Representative is Jon Song.
Jon Song was appointed Lloyd’s General Manager for Singapore in January 2010. He is also Managing Director of Lloyd’s Asia (Pte) Ltd. Jon currently represents the Lloyd’s marketplace in Singapore and is responsible for overseeing the regulatory function and establishing strong relationships with the regulator and industry bodies. He seeks to further develop and enhance the Lloyd’s Singapore marketplace and ensure that the Singapore service companies adhere to Lloyd’s performance management standards.
Jon has extensive working experiences before joining Lloyd’s. Working primarily in the finance industry, he was in the legal, banking and management consulting sectors for 11 years. Exposure in these sectors spanned a wide region from N. America to Asia and Africa. His roles then were predominantly in process reengineering, sales strategy and project management.
Jon has a Bachelor of Science from the University of Southern California (Marshall) and a MBA from the University of Western Ontario (Richard Ivey School of Business)
The following syndicates are currently operating at Lloyd’s Asia:
Amlin
Argenta
Ascot
Atrium
Beazley
Canopius
Catlin
Chaucer
Kiln
Markel
Newline Asia
QBE
Talbot
Travelers
Watkins
Address
Lloyd's of London (Asia) Pte Ltd
One George Street
#15-01/06
Singapore, 049145
Tel: +65 6538 7088
Fax: +65 6538 7768
Email: jon.song@lloyds.com
