The Most Dedicated
Marine Insurance Broker
for Shipowners in Asia.
Bringing You the Best Service in Marine Insurance
CTX Special Risks Limited
The Most Dedicated
Marine Insurance Broker
for Shipowners in Asia.
Bringing You the Best Service in Marine Insurance
CTX Special Risks Limited
Who We are
CTX Special Risks was established as a Hong Kong owned and registered marine brokerage in August 2008. Initially, the company set up offices in Hong Kong, Taipei and London, and this network has now expanded to include representatives in Shanghai, Fuzhou, Qingdao and Singapore.
We concentrate almost exclusively on dealing with the insurance matters of owners and operators of ships from within the Asian region.
In order to provide the best possible service to its clients, CTX employs a team of insurance professionals, all of whom are specialists in the various fields of marine broking and risk consultancy, with backgrounds ranging from career marine brokers, working for ship owners, hull/cargo insurers, average adjusting, and maritime legal experts.
“Team-work” is an essential part of CTX’s business ethos. There are none of the barriers between team members that are so often found in larger broking businesses, allowing the free-flow of information, policy and process. Such transparency allows everyone within CTX to provide a system of mutual support that can ensure seam-less, round-the-clock, 365 days per year service. This gives our clients the confidence that they can discuss their issues with any one of the team and receive consistent help of the highest standards.
The idea of “team-work” is extended to our clients. CTX prides itself on its desire to get to know the ship owners and operators that the company works on behalf of as intimately as possible, effectively embedding the team into the client’s insurance and risk management teams. By gaining the deepest possible knowledge of clients and their business CTX can work towards building the widest-ranging, most cost effective insurance products.
London
The London operation was established upon CTX’s creation and is run by a career marine broker with more than 20 years of experience working with the global P&I market, from the mutual P&I clubs making up the International Group to the ever-expanding commercial, fixed premium underwriters.
The London office exclusively supports CTX’s offices in Asia, specialising in all P&I maters, with an emphasis on liaising with European-based liability insurers.
“ I have been lucky enough in my career as a P&I broker to have spent a great deal of time with my colleagues, clients and friends throughout Asia. However, what I can uniquely bring to the CTX team is the 20+ years that I have spent sitting in front of P&I underwriters; from the many hours spent negotiating multi-million dollar renewals, to ensuring that documentation in respect of something as simple as a name change is delivered on time.”
Director, London
Hong Kong
CTX Special Risks is headquartered in Hong Kong, where there is an experienced team of marine brokers. Staff in Hong Kong have spent more than 40 years in the marine industry, and have worked from within ship owning companies to career broking.
The office concentrates on servicing CTX’s clients in both Hong Kong and China in respect of both P&I and hull & machinery, and liaises closely with the insurance markets in those countries and throughout the region.
“Broking should be about talented individuals working as a team in order to provide insurance and risk management services of the highest professional standard but with a truly personal touch. My colleagues and I hope that through the establishment of CTX Special Risks we can achieve these aims and exceed your expectation. We wish genuinely to make a difference to the working life of our clients.”
CEO, Hong Kong
Taiwan
CTX’s office in Taipei is staffed by a large group of highly experienced marine brokers, the majority of whom have been with CTX since the company’s inception.
CTX Taipei has an extremely in-depth knowledge of all marine insurance disciplines, from P&I to hull & machinery, to both property and liability covers for ports and terminal operators and owners. The team are not only involved in front-end negotiation, but can also offer advice regarding the handling of claims, with the staff including a chartered average adjuster. The team is also there to help ease the burden on our clients in respect of the paperwork required to trade ships, including the issuance of Bunker Convention Blue cards and arranging for Certificates of Financial Responsibility to be placed onboard ships bound for the US.
“In Taipei we are constantly presented with new and exciting challenges by our clients and friends. We are able to rely upon our own skills and experience and the breadth of knowledge of our colleagues in Hong Kong, China, Singapore and London to make sure that the advice and support that we give will help our clients overcome the obstacles and difficulties that working within the maritime community daily throws at them.”
Managing Director, Taipei
China
CTX has representatives in both Shanghai, Fuzhou and Qingdao, taken from the fields of ship owning, broking and marine insurance underwriting. The offices act as the CTX team’s liaison to ship owners and operators, and provide information regarding the domestic insurance market.
Regulations
Hong Kong
CTX Special Risks Ltd. is an authorized insurance broker in Hong Kong, and a member of the Professional Insurance Brokers Association.
Taipei
CTX Special Risks (Taiwan) Ltd. is licensed by the Insurance Bureau, Financial Supervisory Commission of Executive Yuan, and is a member of the Insurance Brokerage Association of Taiwan.
Best Service
CTX’s commitment to its clients is to provide a service of the highest-quality, finding the best possible insurance solutions at the most cost-effective price.
Speedy Service
In the fast-paced, 24/7 world of operating vessels, CTX is committed to obtain answers to client’s questions within required timescales in order to ensure zero disruption to your company.
Global Marine Insurance Broker
With a global network of offices, CTX can access immediately marine insurance markets and operational experts from across the world, providing quality service at speed.
Experienced Team
In terms of years working in the marine insurance market, to the variety of skills learnt during that time, CTX can offer its clients an enormous range and depth of experience.
Offices
CTX Special Risks does not view its offices as separate business entities; while they may be separated by geography the team works as a single body towards achieving the aims of our clients. There is not the corporate-driven distinction between “wholesale” and “retail”.
We pride ourselves on the transparency of our operations, with every member of the team – be they in Hong Kong, Taipei, London or anywhere else in the world – being available at any time to provide a same-time service to our 24/7 clients.Naturally, the offices are driven by certain skill-sets derived from the in-depth experience of the team members. Our colleagues in Greater China travel constantly and extensively throughout the Asia region to extend the best possible network of contacts with our clients and markets.
They also meet with the many underwriters, claims executives, surveyors, adjusters, and lawyers from around the world who come to visit the region.
Our operational rationale is to reduce our clients’ operating costs by helping them to manage their exposure risks, allowing them to achieve improved overall profitability.
While the London office offers the most direct conduit for information into and out of the European marine insurance facilities it also provides the vital element of daily face-to-face contact with the market’s underwriters and claims handlers, building a level of trust that works as a constant benefit to our clients. And, our representative in Singapore is a marine lawyer, with many years of claims handling experience and can provide all of the team with in-depth analysis of contractual and liability issues.
Taipei
Hong Kong
Qingdao
London
Shanghai
Fuzhou
Marine & Products
Reinsurance
CTX provides reinsurance intermediary services to insurance companies in respect of all lines of business, with a range of services available: from pure advisory to full program design, placement, contract review, claims handling and settlement.
Not only can CTX facilitate the placement of traditional facultative risks, we also specialize in arranging both proportional and non-proportional treaties including tailor-made scheme and open cover business.
For special, unique treaty arrangements in niche lines of business, we have developed a great network with reinsurance experts across the world and this gives CTX the opportunity to seek suitable solutions to clients’ particular needs. We have access to the Lloyd’s reinsurance markets via our London-based colleagues. CTX Re therefore has local and international expertise available at its finger-tips from both a broking and underwriting perspective and will be able to find the best reinsurance solutions for our clients in terms of cost, security and service.
Our reinsurance executives each have nearly two decades or more experience in the reinsurance industry. Our client relationships are long term in nature and solidified by the value we add.
Contacts
Hong Kong
8/F, Tai Tung Building, 8 Fleming Road, Wanchai, Hong Kong
Tel : + 852 2527 9277
Fax : + 852 2527 2677
Email : [email protected]ctx-risks.com
Taipei
1/F, No.49, Lane 260, Guangfu South Road, Taipei 106, Taiwan
Tel : +886 2 2778 7216
Fax : +886 2 2778 7219
Email : [email protected]
London
Room 213, 34-36 Lime Street, London EC3M 7AT
Tel : +44 7983894299
Email : [email protected]
Correspondents
Shanghai
Room 1405, Jiaxing Building, No.877 Dongfang Road, Shanghai, China.
Tel : +86 21 20289206/20250170
Email : [email protected]
Fuzhou
Room 1719, C2 Building, R&F Center, No.67 Shangpu Road, Taijiang District, Fuzhou, PRC
Tel : +86 0591 838 051 00
Fax : +86 0591 280 720 58
Email : [email protected]
Qingdao
29D, Huapu Building, No.68 Hong Kong Middle Road, Shinan District, Qingdao, China
Tel : +86 532 8571 0085
Fax : +86 532 8572 2279
Email : qingdao@ctx-risks.com
Careers
CTX Special Risks is always looking to welcome talent. In order to ensure the highest possible standards of service to our clients we are happy to consider the qualifications and experience of anyone who believes that they can make a positive difference to our company and the business of our clients.
If you feel that you are such a person, then you are welcome to submit your CV by e.mail, with covering letter, to the following: [email protected]