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21 February 2017

Hyperion, the world’s largest employee-owned insurance group, is pleased to announce the appointment of Mark Johnson as CEO 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 CEO position last year, will return to his role as Chairman of FP Marine, assisting Mark and continuing to work with FP’s shipping clients.

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 CEO 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, CEO of RKH Specialty commented: “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. We look forward to working with Mark, Richard and all of our colleagues at FP to build on the strong foundations that they have established.”