Asia continues to evolve and today plays a very important and critical role in the world’s economy. This continued development will eventually change how the world economy grows. By 2025, almost half of the Fortune/Global 500 companies (240) will be based in Asia, up from 24 in 2000.
Globex International Group, Inc. (Globex) realizes the importance of this region and on December 1, 2008 we opened a representative office in Beijing, China to facilitate the development and servicing of multinational business in Asia.
The office is managed by Ning Xu, who will maintain her current role as Director for Globex’s Multinational Underwriting Services operations while providing coordination services to both Brokerage and Underwriting operations. The office complements the current services provided via Globex’s European based operation.
“The opening of a Beijing based Representative Office has been a long term objective of ours, in order to further enhance the service we provide to our Partner Brokers and Markets worldwide. Being able to provide international risk management expertise AND excellent service have been the keys to our success. Now we will be able to offer all our Partners and their customers our risk management services literally 24 hours a day,” said Douglas Fay, President of Globex.
Globex’s Asian focus will be on Asian investment outside home territories especially in Africa and Latin America. We also will focus on servicing the needs of foreign investments into Asia in both the Brokerage as well as Underwriting disciplines.
Globex International Group (founded in 1993) is an International Risk Management Services firm based in the United States. Globex’s Brokerage operations provide multinational retail Property/Casualty and Health and Benefits services to 45 large regional brokers across the United States and Canada. Together with its network of 336 brokers and agents in 160+ countries, Globex is the world’s largest independent multinational brokerage operation.
Globex’s Underwriting operations provides a select number of insurance companies with international underwriting services in 160+ countries across the globe for all lines of business.