FP Marine Risks, a specialist marine insurance broker head-quartered in Hong Kong, has announced the launch of a new initiative, aimed at providing trade financiers and their clients with marine insurance products specifically designed for their needs.

Philip Bilney, executive director of FP Marine Risks, says: “There’s no doubt that in Hong Kong and Asia there is a growing need for trade financing banks to protect their marine exposures. By launching this initiative, we are leveraging our existing portfolio of specialist marine insurance services to address this need.”

Spearheading the new initiative is Audrey Poon, a highly experienced cargo broker.  Audrey, who takes on the role of manager-trade finance, joins the company with over 16 years of insurance broking experience.

Poon, previously based in Singapore, says: “I have spent the last decade specialising in marine cargo insurance for trade financiers and international commodity traders in Singapore and the region. I now look forward to using my experience and expertise to help similar companies in Hong Kong and elsewhere in Asia minimise their risk exposure in what’s becoming an increasingly volatile market.”

FP Marine is the only insurance broker headquartered in Asia to have received full accreditation as a Lloyd’s broker.