Introduction
Rimkus is exploring potential acquisitions in Australia and New Zealand and expanding its footprint in South-East Asia, Korea and Japan.
Singapore leadership team, from left to right: Trudie Moeller (Regional Director APAC), Andrew Merrilees (Director and Head of Quantum Expert Services, Asia), Nick Barham (Director and Head of Technical Expert Services, Asia), Sezgin Ozbilgin (Director and Head of Delay Expert Services, Asia).
Rimkus is planning to double its operations in APAC in the next few years, targeting Singapore as its key growth area in the region.
In recent years, the Singapore insurance market has established itself as a global powerhouse. Rimkus’ targeted and strategic growth will ensure that the market has direct access to a full suite of expertise across all technical lines of business, including, property, energy, construction and engineering, and marine.
Currently, Rimkus employs 80-full time staff in six offices across APAC, representing substantial growth from November 2021 when Rimkus’ APAC team comprised seven people.
“This gives you an understanding as to how much we’ve grown in that space and time and how much we want to grow going forward,” said Simon Lowe, Sydney-based managing director, APAC.
Rimkus currently has offices in Singapore, Kuala Lumpur, Sydney, Melbourne, Perth, and Auckland. The Kuala Lumpur and Singapore offices were opened in 2022 and 2014, respectively, with the Australia and New Zealand offices joining the group in 2021 with the acquisition of Aston Consult. While the company is still top-heavy in terms of headcount in Australia and New Zealand (62 employees) versus Malaysia and Singapore (18 employees), this disproportion highlights new regional opportunities.
Rimkus currently offers technical, quantum, and delay services to the insurance and construction industries, and while there is a growing demand for all three services in APAC, quantum / cost continues to drive the growth.
“If we look at the spread of headcount across APAC, the way we have grown organically and through acquisition has resulted in a heavily dominated quantum business, with a relatively small number of delay resources, and limited regional presence on the technical side.
Our future growth strategy is not only focused on expanding our presence in Asia but also on growing our delay and technical service offering. The ultimate objective is to have a homogeneous presence in each country with an equal headcount and service offering across technical, quantum, and delay.”
Simon Lowe
Managing Director – APAC
Published in Insurance Asia News on 17 November 2023.
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About Rimkus
Rimkus is an independent global consultancy whose experts advise the insurance and construction industries on delay/time, quantum/cost, technical, and project management issues.
With more than 200 consultants operating from 21 offices worldwide, we bring clarity and resolution to some of the world’s largest and most complex insurance claims and construction disputes.
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