JLT Reinsurance Brokers (JLT Re) has increased its presence in Asia, as it seeks to build on what it considers a good fit between its strategic focus and the emergence of growing markets.

“Over the past two years we have expanded our operations in Asia by 25% and we expect this trend to continue,” JLT Re’s Head of Asia-Pacific Operations Alistair Lockhart-Smith said. “We have also increased our number of employees by 50% during the past 12 months.

“In particular we are looking to build out our operations in Singapore and continue to focus on China.”

JLT Re has operations in Singapore, Taipei, Hong Kong, Tokyo, Seoul and Shanghai and expects these to grow in the next 18 months.

JLT says it was the first group insurance entity in Asia, launching in 1836, with JLT Re licensed as the first foreign reinsurance broker in Singapore 30 years ago.