Specialty re/insurance group Chaucer has announced the appointment of Ivan Sit, an Asian Marine insurance market veteran that has been recruited to launch the company’s regional Marine offering via Chaucer’s Lloyd’s Singapore platform.
Sit is regarded as a highly respected and experienced Marine practitioner with more than 25 years’ experience.
As Class Underwriter, Marine, he will report to Margaret To, CEO of Chaucer Singapore and Simon Schnorr, Head of Marine & Energy at Chaucer, who commented: “Chaucer brings many of its market leading insurance and reinsurance classes to the APAC region through the Lloyd’s Singapore platform.
“Ivan’s leadership in Singapore will be key to helping Chaucer build on this success.”
Through his career, Sit has held senior leadership positions within both insurance and reinsurance carriers as well as within major broking houses across the region.
He joined Chaucer after three years as Head of Marine at China Taiping Insurance (Singapore) Pte. Ltd. Prior to that he spent over five years with Asia Capital Re as Senior Underwriter.
The executive has also held roles at The Shipowners’ Club, Sompo Insurance Singapore, Malaysian Reinsurance Berhad, Tahan Insurance Malaysia Berhad and HSBC.
Simon Schnorr, Head of Marine & Energy at Chaucer, stated: “Marine is one of Chaucer’s core lines of businesses and Ivan’s regional expertise and well-established relationships with clients, brokers and carriers across APAC will be invaluable to Chaucer.”
Commenting on his appointment, Sit said: “I’m very excited to be joining a marine team with as strong a reputation as Chaucer’s. I look forward to working with Simon and Margaret – and helping to grow Chaucer’s footprint in the marine segment.”
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