UK insurance firm Fenchurch Law enters Asian market
UK insurance firm Fenchurch Law enters Asian market | Insurance Business Asia
Insurance News
UK insurance firm Fenchurch Law enters Asian market
Move coincides with firm’s transition to new ownership structure
Insurance News
By
Roxanne Libatique
Fenchurch Law, primarily known in the UK for its specialised legal services to insurance policyholders and brokers, is gearing up to step into the international market with the inauguration of its first office outside the UK – in Singapore.
This strategic move aims to cater to the legal needs of policyholders and brokers across Singapore and the broader Asia-Pacific region, specialising in complex, high-stakes commercial insurance disputes – a niche the firm has successfully carved out in the London market since 2010.
Fenchurch Law expands to Asia Pacific
The venture into the Asia-Pacific region is a significant milestone for Fenchurch Law, coinciding with the firm’s recent transition to an employee-owned structure via the formation of an employee ownership trust (EOT). This pivotal change, which awarded 60% of the firm’s equity to its employees, positions Fenchurch Law as the pioneer EOT entity in the Singaporean market.
David Pryce, the firm’s managing partner, shed light on Fenchurch Law’s commitment to bridging the gap between insurance policyholders and their insurers on a global scale.
“As a purpose-driven organisation, we exist in order to help level the playing field between policyholders and their insurers. This is a need that exists in all insurance markets around the world, and we’re delighted to be taking the first step in furthering our purpose internationally with the opening of our Singapore office,” he said.
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