Fast-growing Latitude Brokers has opened a Seoul outpost — its third office in as many years.

The marine insurance broking start-up launched in September 2014 in Hong Kong and expanded into Singapore last year. It now has a 20-strong team across the three locations and says it is growing faster than anticipated.

Latitude Korea Ltd, a wholly owned subsidiary, will be headed by SW Kim, who was previously with Marsh Korea, Hanjin Shipping and most recently SIS Co, overseeing ­insurance for the SK Group.