Greenwich Group - Add title

28 February 2003

Lloyd's accredits first Hong Kong Broker
Cosco Insurance Brokers Ltd, one of the leading insurance brokers in Hong Kong has become the first broker in the region to be accredited by Lloyd's of London.

Cosco, which is based in Hong Kong and forms part of the larger China Ocean Shipping Company insurance and shipping group, has been granted access as part of Lloyd's drive to broaden its worldwide network of brokers - a drive that began at the start of 2001.

Liu Guoyuan, Executive Vice Chairman & President of Cosco (Hong Kong) Group said:

"We are delighted to be joining the historic Lloyd's Market. Ninety percent of our business is marine, primarily direct, and we believe there will be substantial capacity for our business in the Lloyd's Market.

This is a great opportunity for Cosco and we look forward to working with the Lloyd's Market".