North P&I Club has moved to new offices in Singapore, which serves as its regional headquarters for Asia. From its previous address in Fuji Xerox Towers, the firm is now located in state-of-the-art facilities at Springleaf Tower, Anson Road.
According to the insurer, the move reaffirms its commitment to the existing membership and further growth of business in the region. It is a response to the continued growth of the company in Singapore, as well as the redevelopment of its previous offices.
James Moran, the company’s director (Singapore) now leads a team that has grown to 22 staff, with roles spanning underwriting, P&I, loss prevention and FD&D (freight, demurrage & defence) cover.
North P&I, which celebrated its 160th anniversary in 2020, opened its Singapore office in 2007, which became its regional hub, cooperating with its offices in Shanghai, Hong Kong and Tokyo as well as its UK headquarters in Newcastle.
According to North P&I, Asia members now account for 35{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} of its 248 million GT owned and chartered tonnage and the Singapore membership alone has grown from 6.7 million GT in 2007 to 22.9 million GT in 2021.
“This is an exciting time to be part of our team in Asia and we are looking forward to settling into our new office here in Singapore,” said Moran. “North’s focus continues to be enabling our members to trade with confidence and our team across Asia is aligned with this mission. On behalf of the team, I would like to take this opportunity to thank our membership for their continued support.”
More Stories
10 Questions to Ask When Considering a Health Insurance Quote
Understanding Vision Insurance
Financial Investment Tips: How to Get Prepared for Investing and Starting a Portfolio