Thomas Miller, managers of the UK P&I Club, has established a new company in Japan to help the insurance mutual grow its business in the region.
The move is another example of the importance many P&I clubs are now placing on Japan as a growth market.
The new company has been named TMKK and will provide insurance services to support the UK Club’s Japanese branch from the country’s shipowning centres of Tokyo and Imabari.
The TMKK team includes three claims directors and loss prevention executive Hiroshi Sekine.
Thomas Miller said that following the establishment of TMKK it would end its 50-year long commercial relationship with local correspondent ISS P&I Japan.
Exciting move
UK Club regional director for Japan Paul Sessions described the move as “exciting.” He said: “TMKK will provide the benefits of a regional office in Japan, integrated and co-ordinated with the rest of Thomas Miller network offices elsewhere in Asia Pacific, Europe and the Americas.”
In a separate development related to the P&I business in Asia, Britannia P&I has added four more staff to its Singapore branch.
The new staff include underwriter Francis Church, lawyer Daphne Chua, loss prevention expert Jacob Daamgard and compliance officer Katherine Lee.
Britannia’s Singapore branch was granted a licence to operate in February this year.
