A leading figure in the Lloyd’s of London hull insurance market is moving to Singapore to join Asia Capital Re.

Simon Stonehouse’s decision to relocate is a sign of changing times as the city state’s insurance market matures and takes a bigger share of the large Asian fleet.

Stonehouse, the hull underwriter of Brit Insurance’s syndicate 2987, is a former chairman of the London market’s Joint Hull Committee and also sat on the Joint War Committee and International Union of Marine Insurance (IUM)committees.

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