Jardine Lloyd Thompson (JLT) executive Mark Johnson has been named CEO of FP Marine Risks, the Hong Kong-based specialty marine business of Hyperion Insurance Group.

 

Johnson will take up the position on March 01, replacing Richard Walker who will return to his role as chairman of FP Marine.

 

Walker will assist his successor while continuing to work with the company’s shipping clients. He said Johnson is the right person to lead FP Marine into its next phase of growth.

 

“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.

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Johnson brings a wealth of commercial experience to FP Marine, with over 20 years in senior roles in Hong Kong and the wider Asia market. Most recently, he served as the CEO of JLT Thailand and before that, as head of AIG’s commercial lines division in Hong Kong and its major accounts practice in Asia.

 

Apart from Johnson’s appointment, Hyperion also announced that, starting from April 01, FP Marine will become part of RKH Specialty, which already belongs to the insurance group.

 

“Mark’s appointment demonstrates our commitment to the region and the FP brand,” said RKH Specialty CEO Barnaby Rugge-Price.

 

“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,” he added.