Hong Kong's Kerry Logistics ventures into Asian insurance business

HONG KONG's Kerry Logistics is expanding its business portfolio by entering into the insurance sector through the acquisition of Taishan Insurance Brokers Ltd (TIB), which offers a full range of insurance brokerage and consultancy services in Asia.

TIB is a risk management and insurance consulting firm fulfilling a range of insurance requirements for both commercial and industrial sectors through customised products and solutions.

"This is a significant addition to the group and will provide our customers in the region with a broader range of insurance products and services. TIB will also enhance the coverage and competitiveness of the group's services," said William managing director of Kerry Logistics Network.