FP Marine, part of Hyperion, has announced a new CEO for its Hong Kong-headquartered business.
Mark Johnson will take on the role at the specialist marine brokerage, which is part of the largest employee-owned insurance group in the world.
Johnson replaces Richard Walker, who stepped into the CEO role last year and will return to his position as chairman of the business.
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Johnson has more than two decades’ experience in Hong Kong and the wider Asian market and was most recently CEO of JLT
Thailand. Prior to this, Johnson led AIG
’s commercial lines division in Hong Kong and their major accounts practice in Asia.
Walker said that Johnson will be able to help develop the FP Marine business throughout the region as the business looks to maintain its place in a challenging environment.
“Despite the challenging market conditions of the past 12 months, we are now in a good position to work with Hyperion on growing the Group’s business in Asia having concentrated our efforts towards refocusing on our core strengths,” Walker said.
From April 1, FP Marine will become part of RKH Specialty, which is also part of the Hyperion Insurance Group.
Barnaby Rugge-Price, CEO of RKH Specialty said that the addition of Johnson signalled the firm’s commitment to the region and the FP Marine brand.
“FP’s strong reputation in the marine space fits perfectly with RKH’s aspiration to be a global specialist broker operating in all of the key regional market hubs,” Rugge-Price said.
Johnson will begin the role effective March 01.
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