CINCINNATI--(BUSINESS WIRE)--Great American Insurance Group is pleased to announce that the Monetary Authority of Singapore (MAS) has granted a formal license approval for its flagship insurance company, Great American Insurance Company, to establish a branch operation in Singapore. With this authorisation, MAS has also approved the appointment of Mr. Chee Keng Koon as the Chief Executive of Great American Insurance Company – Singapore Branch.
Mr. Chee brings with him more than 30 years of deep business experience and knowledge in the Singapore and Asian general and marine insurance markets. He is well-known across the Asian region with ship owners, maritime industry experts, insurance agents, insurance brokers and other insurance industry participants.
Mr. Chee will be supported by an established leadership team that will bolster the company’s strategy in delivering insurance solutions that meet the needs of the market.
Great American Insurance Group, although new to the Singapore market, has roots dating back to 1872 with the founding of Great American Insurance Company. Great American Insurance Company has achieved an “A” (Excellent) or higher rating from the A.M. Best Company for over 100 years (most recent rating evaluation of “A+” (Superior) as of March 20, 2015). This long-term history of financial strength stems from Great American’s:
- Strong operating performance sustained over the long term;
- Diversified business model with leading market positions in several of its businesses; and
- Management’s disciplined operating strategy and specialty market knowledge.
Great American Insurance Group’s Singapore office is located at 3 Temasek Avenue, #16-01 Centennial Tower Singapore 039190.