The Hyperion insurance group has appointed Mark Johnson as chief executive of its Hong Kong headquartered specialty marine business, FP Marine Risks Ltd, effective 1 March 2017. The appointment is subject to regulatory approval.
Richard Walker, who stepped into the chief executive position last year, will return to his role as chairman of FP Marine.
Johnson brings a wealth of commercial experience, with over twenty years in senior roles in Hong Kong and the wider Asia market, most recently as the chief executive of JLT Thailand and, prior to that, heading up AIG’s Commercial Lines division in Hong Kong and their Major Accounts Practice in Asia.
Walker commented: “Despite the challenging market conditions of the past 12 months, we are now in a good position to work with Hyperion on growing the Group’s business in Asia having concentrated our efforts towards refocusing on our core strengths. I am confident that Mark is the right person to lead FP Marine into its next phase and look forward to supporting him in achieving this.”
With effect from 1 April 2017, FP Marine will become part of RKH Specialty, also part of Hyperion Insurance Group.
Barnaby Rugge-Price, chief executive of RKH Specialty said: “Mark’s appointment demonstrates our commitment to the region and the FP brand. FP’s strong reputation in the marine space fits perfectly with RKH’s aspiration to be a global specialist broker operating in all of the key regional market hubs.