Asian marine insurance broker CTX Special Risks was set up a decade ago when two Hong Kong-based Aon brokers quit the US giant with the aim of better serving the local market.

Current CTX chief executive Thomas Cheung set up the company and was soon followed by former colleague and current managing director Dominique Ng.

Both had become frustrated by the restrictions of a large brokerage, where marine was viewed as a small part of the business and often overlooked.