Kay International AMEA Limited, a reinsurance intermediary based in the Dubai International Financial Centre (DIFC), has expanded its operations into Southeast Asia with the establishment of a new regional reinsurance placement hub in Singapore.
The development follows the receipt of final approval from the Monetary Authority of Singapore (MAS) in February 2024, authorizing Kay International AMEA Pte Ltd to begin its reinsurance broking and placement activities.
Located in Asia Square within Singapore’s business district, the new hub aims to bring Kay International closer to its insurance clients across Southeast Asia and is part of the company’s broader strategy to facilitate efficient risk transfer between major economic centers, building on its existing network with hubs in Dubai and Miami.
The Southeast Asian region, encompassing countries such as Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, presents a dynamic market characterized by robust GDP growth and a diverse range of evolving risks.
To spearhead the operations of the newly established subsidiary, Ho Wing Hoong has been appointed as regional chief executive officer and director. With over two decades of experience in the reinsurance industry, Ho brings to the role a background in facultative and treaty underwriting management, particularly within Asia and the Middle East.
“I am extremely excited to be part of the family, Kay International AMEA, and involved in this expansionary journey across South East Asia,” Ho said. “Serving our stakeholders from our new Singapore office offers efficient, quality, and thorough reinsurance broking services and solutions by tapping into our reinsurance network that has been nurtured through our Miami and Dubai regional hubs over the last seven years.”
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