Brokerslink, a Swiss insurance brokerage and risk management firm, has strengthened its footprint in the Asia region by adding three new affiliates in the region.

South Korea-based LK Insurance Services, Malaysia’s State Insurance Services and Singapore’s John Foord have joined Brokerslink’s broking network.

LK Insurance Services is the one of the fastest growing broking firm in Korea. It specialises in oil and gas, telecommunications, chemicals and logistics insurance offering.

State Insurance Services serves more than one thousand clients ranging from publicly listed companies, international firms, and large corporations and SMEs in Malaysia.

John Foord, a global specialist valuation and appraisal practice, will boost Brokerslink’s specialist risk consulting and insurance service business.

Brokerslink Asia Pacific regional manager Sid Garcia said: “The expansion of our network in Asia underlines our commitment to supporting independent brokers across the region.

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“Asia’s economic might and influence on global trade is contrasted somewhat by its insurance penetration levels when compared to western Europe and North America, therefore we are pleased to be able to give our brokers and insurer partners the opportunity to access and unlock the vast potential of Asian insurance markets.”