Riding waves of growth, China and India take steps to expand marine insurance capacity

Rebekah Khew, Vivace’s APAC Director, shares her views with (Re)in Asia.

At a time when the spotlight is on rising marine rates due to the conflicts in Ukraine and Israel, China and India are looking inward at how they can reduce their vulnerability to global events like the COVID-19 pandemic and geopolitical developments.

“During the COVID-19 pandemic, China’s implementation of stringent control measures, including travel bans, quarantine, vaccinations, and testing led to — or accelerated — the closure (or) withdrawal of many foreign companies from the Mainland,” said Rebekah Khew, APAC Director at Vivace Asia Pacific.

“Post-pandemic, it’s unsurprising to see China re-engaging on the international stage to entice foreign companies to enter or re-enter the market,” she added.

However, an apparently perfect storm of appetite, market, and regulatory opportunity does not mean instant success.

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Vivace Insurance Partners Launches in the Americas, Rebrands in Asia Pacific

+8 Partners ecosystem MGA company focused on marine and logistics expands international operations.

Vivace Insurance Partners (Vivace) today announces the launch of Vivace Americas and the rebranding of ADVA Specialty (HK) Limited as Vivace Asia Pacific.

Deriving its name from the musical expression denoting freshness, energy and movement, Vivace is focused on fusing bespoke coverage solutions with intelligence and data gained from a years-long focus on a global logistics industry client base.

Vivace Americas, based in Los Angeles, will be writing business in partnership with A-rated international insurers across North America’s logistics sector and will be led by Cordell Fenig, late of Roanoke Insurance Group. Fenig brings market knowledge, accounts, portfolios, exposures and an extensive network of key industry players.

Vivace Asia Pacific will provide coverage solutions from Hong Kong for marine cargo, logistics and hull and cargo war risks, the latter a key focus in today’s current geopolitical climate.

Leading the company will be Rebekah Khew, director – Asia Pacific. Khew brings three decades of experience to Vivace and is widely recognized for her solid technical knowledge, strategic analysis and management experience. Prior to being named to the position, Khew held senior roles at MS Amlin, Beazley, Chubb and AXA Corporate Solutions.

Vivace’s MGA software platform “Vivacity©” provides seamless interactivity across all underwriting functions, accounting, online engagement with clients and principals, and granular, AI-enabled intelligent reporting. Developed over many years of incremental learning from a logistics industry client base, it gives brokers a quick and easy route to quotes and policy management.

“Vivace is a focused, specialized MGA with in-depth knowledge and understanding of key players, risk exposures and the cultural nuances of our markets. Under the leadership of Cordell and Rebekah, the company offers a fresh approach with experienced players writing insurance online on behalf of the best security in the business,” said Philip Bilney, executive chairman at +8 Partners.

“Vivace is the perfect combination of technological innovation backed by a relationship-driven approach to business. I’m excited to be a part of the team of seasoned industry professionals with a forward-thinking mindset,” said Fenig.

“Brokers and clients need to be confident that their underwriting partner is committed to supporting their business over the long term. And it’s clear that Vivace delivers,” said Khew.

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