Shanghai Asian Insurance Brokers (UK) Ltd, alongside its Appointed Representative Altum Risk Ltd, have been authorised to fully operate on the Shanghai Insurance and Reinsurance Exchange (SIRE) platform.
The approval follows the recent granting of a trading seat, which enables presentation of risks to a comprehensive panel of Chinese insurers, such as PICC Property and Casualty Company Limited; Ping An Property & Casualty Insurance Company of China, Ltd.; China Pacific Property Insurance Co., Ltd.; Mitsui Sumitomo Insurance (China) Company, Limited; and AXA Tianping Property & Casualty Insurance Co., Ltd. among others.
The Shanghai Insurance and Reinsurance Exchange serves as a regulated gateway for international companies looking to participate in China’s domestic insurance market.
Ethan Toogood, Portfolio Manager at Altum Risk, stated: “Securing a trading seat on the Shanghai Insurance and Reinsurance Exchange marks an important strategic milestone for our group. It enhances Altum Risk’s ability to connect our international partners with a diverse range of Chinese reinsurance capacity, further positioning us as a trusted bridge between the UK and China in the reinsurance sector.”
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The new trading seat strengthens Shanghai Asian Insurance Brokers’s (UK) Ltd reputation for connecting Western and Asian markets, giving broker partners access to capacity that is often hard to find.
This will enable both companies to present risks to top Chinese carriers, leading to innovative placements, competitive terms, and diversified capacity in one of the world’s fastest-growing insurance markets.
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