RKH Specialty, part of the Hyperion Insurance Group, has appointed Stuart Beatty as its regional CEO for Asia Pacific, based in Singapore.
In the newly created role Beatty will focus on developing the company’s specialty capabilities in the region.
Beatty has over 30 years of insurance and reinsurance experience, most recently as Asia Pacific CEO at JLT Re. He also worked in Singapore for a decade with brokers Aon Benfield and JLT, managing placements as well as servicing teams for the firm’s clients in the region.
The company’s business in Asia Pacific currently focusses on property, power, energy, construction and also financial risks’ expertise in Singapore and FP Marine, its specialist marine broker domiciled in Hong Kong.
RKH Specialty CEO, Barnaby Rugge-Price remarked: “Local and regional markets continue to mature across the globe and clients are increasingly choosing to buy in those markets. We intend to provide clients with the widest and clearest picture of global markets, helping them to identify their best underwriting partners, wherever they may be.
“With Stuart’s skills and experience we aim to build on the success of RKH and FP Marine in the region. His expertise will help us capitalise on opportunities throughout the Asia-Pacific region, focusing our initial efforts on working with colleagues to deliver products and services that are most in demand.”
Commenting on his new role, Beatty said: “RKH Specialty is already a known and respected quantity in London and increasingly in Asia Pacific. Over the last five years, the region has seen a significant increase in specialty lines capacity, authority and talent and this provides an excellent platform on which to build market-leading capabilities for RKH Specialty. My role will be to help demonstrate and deliver our expertise across a full range of specialties to a wider client base.”