Company Profile

    Company overview

    Industry

    Insurance

    Company size

    11-50

    Primary location

    70 Anson Road Singapore
    Alco Insurance Brokers Pte Ltd (previously known as Kim Insurance Brokers Pte Ltd) is a Professional Insurance Broking firm comprising a dedicated team of Risk Managers and Consultants licensed by the Monetary Authority of Singapore. The company was established in 1989 as an insurance broking firm specializing in servicing the booming building construction industry at that time.Over the years, the company has grown steadily and diversified into various sectors. We strived to satisfy our clients’ and business partners’ needs with tailored solutions and services.With the development of Maritime sector as encouraged by various government initiatives, we are venturing into the marine insurance market. It was made possible when AL Marine Holdings (BVI) Limited (“AL Marine”) bought over and became the majority shareholder of Alco Insurance Brokers Pte Ltd in November 2012. AL Marine is the holding company of Andrew Liu & Co. Ltd and Alco Insurance Brokers Pte Ltd.Andrew Liu & Co. Ltd was established in 1988 as an insurance broking firm specializing in Marine Hull and Protection & Indemnity insurance, being one of the first marine insurance consultants assisting ship owners in China with their insurance and claim requirements. The emphasis and expertise of Andrew Liu & Co. Ltd is on handling claims, in particular large and difficult claims when there is no certainty that the claim falls under the policy coverage or when insurers has grounds to decline the claim.With Andrew Liu & Co. Ltd as our sister company, working hand-in-hand, we can provide legal advice on commercial disputes such as charterparty disputes and encourage our clients to seek our advice before the matter turns out to be a dispute or claim. In the event the dispute proceeds to arbitration in jurisdictions subject to English law, we can act for our clients to handle the legal proceedings. Our approach is to treat the clients’ claims as our own and achieve the best cost effective solution to disputes.Major marine insurances that we provide are,• Hull & Machinery• Protection & Indemnity• Charterer’s Liability• Freight Demurrage and Defense• War Risk• Strike• Kidnap and Ransom• Loss of Hire• Marine cargoApart from the above, we also specialize in both general personal and commercial lines which include commercial motor insurance, contractors’ all risks insurance, work injury compensation insurance, fire insurance, performance bond and security bond, trade credit insurance and employees’ benefit related insurance etc.We strive to serve you in our best capacity.

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    Recent reviews

    4.0
    Broker
    Dec 2016
    Less than 1 year in the role, current employee
    Good learning
    The good thingsGood learning
    The challengesMany different type of classes of insurance
    Ratings for ALCO Insurance Brokers Pte Ltd are shared as-is from employees in line with our community guidelines
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