FP Marine Risks started life in January 1994 as Fairlead Pacific Insurance Consultants.

Operating out of a small office in Hong Kong, the company focused on developing a book of direct Hull and P&I business on behalf of Asian shipowners.

That book of business grew and changed dramatically, evolving into a far broader marine portfolio encompassing Cargo, Liabilities and Reinsurance across Asia Pacific.

In 2001 the company become wholly independent and in 2002, after a period of sustained organic growth, the marine focus was re-emphasised with the adoption of the current name, FP Marine Risks.

The London branch office was opened in 2003 in line with a clear strategy for overseas expansion and to develop the company's access into the London and European markets.

In the same year, FP Marine Risks became the first independent Asian Marine Insurance broker to obtain provisional accreditation from Lloyd's of London. This allowed the company direct access to Lloyd's underwriters.

In January 2004, FP Marine Risks received its FSA accreditation.

As part of the company's continuing expansion plans, and as a way of further enhancing its service proposition to Taiwanese clients, FP Marine Risks opened a representative office in Taipei in late 2005.

In April 2006, FP Marine Risks opened a branch office in Melbourne to serve the Australian, New Zealand and Pacific Island markets.

In July 2006, the company became the first Asian-based insurance broker to become a fully accredited Lloyd's broker after three years of mandatory provisional accreditation.

© 2006 FP Marine Risks Limited