Standard Club seals huge China breakthrough with Ping An tie-up

Standard Club seals huge China breakthrough with Ping An tie-up

The Standard Club Asia is teaming with China’s second largest insurer, Ping An, to collaborate on underwriting P&I risks for the world’s second-largest shipowning country.

For Standard Asia and its management team from Charles Taylor, the agreement represents a significant milestone in its growth ambitions in China.

Jeremy Grose, chairman of Charles Taylor Mutual Management (Asia), said: “Ping An is known for its innovation, technical expertise and specialist underwriting ability. Together with our international expertise, the agreement creates synergies that will strengthen the P&I offering of both Ping An and Standard Asia.”

Standard has fostered similar agreements in East Asia previously such as with with Tokio Marine & Nichido Fire Insurance in Japan and the Korea P&I Club in Seoul.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts

Leave a Reply