Assurex Global has added a new firm in Malaysia called Insfield Insurance Brokers, expanding its coverage in the Asia/Pacific region, offering insurance, risk management, loss control and Takaful.
The company said that the addition of Insfield brings the total number of Assurex Global agencies or brokers to 109 and the network achieved $29bn in annual premium volume in 2008.
John Rodwell, vice president of international business development at Assurex Global, said: “So many of our brokers have clients with exposures in this region of the world, and Insfield gives us vital expertise and on-site review capabilities to better protect our client’s interests.
“Their location in Selangor, the most populous of the 13 states of Malaysia, gives them a front row seat to developments in the region. In turn, all Assurex Global brokers receive this influx of rich industry information and knowledge from Insfield.”
Len Meng Fui, managing director of Insfield, said: “Assurex Global has a rigorous review process before an invitation to join the network can be extended and we were confident we would prove a perfect fit for the network’s goals, as we’ve built a substantial business in Malaysia since our founding in 1976. We look forward to expanding international business opportunities between Malaysia and other countries.”
Assurex is a privately held network of independent agencies/brokers offering risk management, commercial insurance and employee benefits.