Lloyd’s broker Ramon International has increased its international footprint by opening an office in Korea to drive its Asian business. The new office comes via the acquisition of a majority stake in Seoul-based CKI Korea. Ramon International was established in 1980 and is a subsidiary of Kastor Holdings Ltd.

Lee Ellis, head of international at Ramon, said: “Korea is one of the most vibrant insurance and reinsurance markets in the world and a powerhouse Asian economy. The strength of the local team combined with our international reach will offer a compelling new proposition to Korean re/insurance buyers.”

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