FP Marine Risks Expands Board with New Appointments

November 2006

16 November 2006: FP Marine Risks is pleased to announce the appointment of Stuart Williams, Peter King and Andrew Brooker to its board of directors. Subject to regulatory approval, the appointments will come into effect on 1 January 2007.

FP Marine Risks Launches New Trade Finance Initiative

July 2006

HONG KONG, 13 July 2006 – FP Marine Risks Limited, a specialist marine insurance broker headquartered in Hong Kong, has announced the launch of a new initiative, aimed at providing trade financiers and their clients with Marine Insurance products specifically designed for their needs.

Philip Bilney, Executive Director of FP Marine Risks, said: "There's no doubt that in Hong Kong and Asia there is a growing need for trade financing banks to protect their marine exposures. By launching this initiative, we are leveraging our existing portfolio of specialist Marine Insurance services to address this need."

FP Marine Risks becomes 1st Asian Lloyd's Broker

June 2006

HONG KONG and LONDON, 16 June 2006

FP Marine Risks Limited has become the first Asian-based insurance broker to achieve full accreditation at Lloyd's.

The announcement came following three years of mandatory provisional accreditation during which FP Marine Risks demonstrated its support of the Lloyd's market and its ability to fulfil the role and responsibilities of a Lloyd's broker.

"We are very pleased to have secured our full accreditation from Lloyd's" said Philip Bilney, Executive Director of FP Marine Risks. "It remains the world's leading marine insurance market and our direct access to it forms a cornerstone of our service offering in Asia."

Charles Whiteaway, London-based Executive Director added: "Specialising in Marine Insurance broking makes us unique in Asia; as an accredited Lloyd's broker we further distinguish ourselves. To our clients, we can provide ongoing, direct access to Lloyd's, affording them the best risk protection the London market can offer."

Tony Egerton, President, Lloyd's Asia-Pacific, said: "Recent Lloyd's research on Asia showed that there is a growing demand for brokers in the region, so FP Marine's full accreditation is timely indeed. As the economy and opportunity in the region continues to grow, we would expect others to follow."

Established in 1994, FP Marine Risks continues to experience rapid growth in all its key areas of business as the company successfully implements its strategy to expand internationally.

"As FP Marine Risks extends its reach, our business and risks diversify" says Philip, "As such the expertise and capacity that Lloyd's provides becomes increasingly important for us."

FP Marine Risks opens Branch office in Melbourne, Australia

March 2006

HONG KONG and MELBOURNE, 10 March 2006 – FP Marine Risks Limited, independent Marine Insurance brokers headquartered in Hong Kong, today announced the planned opening of a branch office in Melbourne, scheduled for April.

The move comes only five months after the opening of a representative office in Taiwan and is part of FP Marine Risk's continuing strategy to expand internationally.

The office in Melbourne will serve as a regional branch for the whole of Australasia, including Australia, New Zealand and the Pacific Islands.

Philip Bilney, Executive Director of FP Marine Risks, said: "We have been involved with the Australian and New Zealand markets for some time and a key part of our growth strategy is to strengthen that with a meaningful presence on the ground."

Peter Sandall, a well-known figure in the Australian Marine Insurance marketplace, has been appointed General Manager, Australia and New Zealand. He brings with him over 30 years of underwriting experience and the familiar exuberance that so clearly defines him.

Peter said: "I have known the FP Marine Risks team for many years and am truly excited to be joining them. This is particularly so given the recent changes in the Australian reinsurance market which have created a greater need for a marine broking specialist. We are looking forward to working with underwriters across this diverse market."

Philip added: "Peter is a natural broker and we are privileged to welcome such a respected and inspirational character into the team."