Hawkes Bay Underwriting

What Hawkes Bay Underwriting does

Hawkes Bay Underwriting Limited is a Hong Kong-headquartered Managing General Agent (MGA) and Lloyd's Coverholder that places and manages specialty insurance and reinsurance business across the Asia-Pacific region. The company acts as an intermediary between international capacity providers (insurers and reinsurers) and brokers or insured clients, earning commissions for underwriting, administering programs, negotiating contracts, and handling claims on behalf of carriers. It is authorised and regulated by the Insurance Authority in Hong Kong under Insurance Agency Licence FA2078, with capacity backed by Lloyd's, China Pacific Insurance Co. (H.K.), and China BOCOM Insurance Company Limited.

The company's product portfolio spans three specialty clusters: Marine (cargo, liability, and hull coverage for coastal waters), Casualty (commercial general liability, product liability including recall, umbrella, and third-party liability), and Financial Lines (banker's blanket bond, commercial crime, financial institution D&O, professional indemnity, E&O, investment manager liability, computer services liability, and affinity programs). Coverage is delivered through bespoke, tailored quotes from experienced underwriters rather than automated systems, with global surveyor access for claims handling and subrogation recovery. Underwriting decisions are supported by multilingual underwriters with business-cultural understanding of major Asian markets.

Founded in 2008 by TYSERS UK, Hawkes Bay traces its heritage to the Tysers family's maritime businesses established in the City of London in the 1820s. In 2022 the company became a member of Australia's AUB Group, a diversified insurance broker network. Its target customers are commercial enterprises — including foreign manufacturers, exporters, importers, retailers, marine trading companies, and financial institutions — primarily across Greater China, Korea, and the broader Asia-Pacific region. Distribution is conducted through insurance broker networks and direct enterprise engagement.

Name

Hawkes Bay Underwriting

Legal name

Hawkes Bay Underwriting Limited

Website

https://hawkesbayunderwriting.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Hawkes Bay Underwriting is a Hong Kong-based Managing General Agent and Lloyd's Coverholder that underwrites and administers specialty marine, casualty, and financial lines insurance for commercial clients across the Asia-Pacific region on behalf of international capacity providers.

Ownership category

akta.pro rank

Product category

Specialty Insurance Underwriting (MGA)

NAICS

Insurance Agencies and Brokerages (52421), Other Insurance Related Activities (52429), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro industry

PRIMARYFSAEADAK

Insurance Program Administration & MGA/MGU Services

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

SECONDARYFSAEADAJ

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

Keywords

• Marine insurance underwriting
• Casualty liability coverage
• Financial lines insurance
• Managing general agent
• Specialty insurance solutions

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Others

Revenue model

1. Insurance Underwriting Commission: As an MGA, Hawkes Bay earns commissions from insurance capacity providers for underwriting and managing insurance programs on their behalf. They administer programs, negotiate contracts, and provide tailored coverage solutions to clients.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Core offering

Hawkes Bay Underwriting is a Managing General Agent (MGA) and Lloyd's Coverholder that underwrites and administers specialized insurance and reinsurance programs on behalf of capacity providers across the Asia-Pacific region. The company designs bespoke coverage across Marine (cargo, liability, hull), Casualty (general liability, product liability, umbrella), and Financial Lines (D&O, professional indemnity, crime, E&O) for foreign manufacturers, exporters, importers, retailers, marine trading companies, and financial institutions. Its experienced multilingual underwriters provide tailored quotes and manage the full policy lifecycle including claims handling through a worldwide surveyor network.

Product overview

Hawkes Bay Underwriting is a Managing General Agent (MGA) and Lloyd's Coverholder offering specialized insurance and reinsurance solutions across the Asia-Pacific region. The company's product portfolio is organized into three main coverage areas: Marine Coverage (including Marine Cargo, Marine Liability, and Marine Hull for coastal waters), Casualty Coverage (including Commercial General Liability, Product Liability, Umbrella Liability, and General Third Party Liability), and Financial Lines Coverage (including Banker's Blanket Bond, Commercial Crime, D&O, Professional Indemnity, and various E&O liability products). The company provides bespoke, tailored insurance solutions through its team of experienced underwriters and offers claims management services including surveyors worldwide and subrogation recovery actions.

Differentiator

Problem solved

Functional benefit

Products and services

• Marine Cargo Insurance Marine cargo insurance covering buyer's and seller's interest, delay in start-up, ocean/air/inland transit, project cargo, and towage risks for international trading companies.
• Marine Liability Insurance Liability coverage for maritime operations including charterers' legal liability, freight forwarders' legal liability, marina operators' legal liability, ship repairers' legal liability, stevedores' legal liability, terminal operators' legal liability, and warehousemen's legal liability.
• Marine Hull Insurance (Coastal Waters) Hull and machinery coverage for coastal waters including P&I and 4/4 collision liability, builders risk, and mortgagees interest.
• Commercial General Liability Insurance Standard commercial general liability insurance for manufacturers, exporters, importers, and retailers operating in global markets.
• Product Liability Insurance Including Recall Expenses Product liability coverage including recall expenses, designed for global market requirements, with underwriting, engineering, and claims handling services.
• Umbrella Liability Insurance Excess umbrella liability coverage providing additional protection beyond primary general liability policies.
• General Third Party Liability Insurance Third party liability coverage for various business operations and exposures.
• Banker's Blanket Bond Insurance Insurance coverage for financial institutions protecting against employee dishonesty, forgery, and other financial crimes.
• Commercial Crime Insurance Coverage protecting businesses against crime-related losses including employee theft and fraud.
• Computer Services Liability Insurance Liability coverage for computer services and technology-related risks.
• Affinity Programs Insurance Specialized insurance programs designed for affinity groups and member organizations.
• Financial Institution Directors & Officers Liability Insurance D&O liability coverage specifically designed for financial institutions.
• Errors & Omissions Liability Insurance E&O liability coverage for professionals and service providers.
• Investment Manager Liability Insurance Liability coverage for investment managers and asset management firms.
• Professional Indemnity Insurance Professional indemnity insurance protecting against claims arising from professional services.
• Miscellaneous E&O Liability Insurance Extended E&O coverage for various professional categories.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and flagship.

• AUB GroupcoreStrategic or Co-development Partner · 1 January 2022Hawkes Bay Underwriting became a member of the AUB Group in 2022, a significant milestone that enhances their capabilities and further enriches their service offerings to clients. This membership provides strategic backing and integration into a broader insurance network.
• Lloyd'scoreStrategic or Co-development PartnerHawkes Bay operates as a Lloyd's Coverholder since 2008, offering access to Lloyd's specialist underwriting expertise, capital strength and brand. Coverholders combine local market knowledge with global Lloyd's capabilities.
• China Pacific Insurance Co. (H.K.) LimitedcoreStrategic or Co-development PartnerCapacity provider for Hawkes Bay Underwriting. As a reputable insurance company, they provide insurance capacity backed by their financial strength ratings.
• China BOCOM Insurance Company LimitedcoreStrategic or Co-development PartnerCapacity provider for Hawkes Bay Underwriting. Provides insurance capacity and financial backing for underwriting operations.
• TYSERS UKflagshipStrategic or Co-development PartnerParent company that established Hawkes Bay Underwriting in 2008. TYSERS has heritage dating back to 1820s maritime business in London. Hawkes Bay traces origins to Tysers family maritime operations including their first owned freighter named Hawkes Bay.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hawkes-bay-underwriting

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hawkes Bay Underwriting