Our business is structured to provide seamless service to our clients.
Coastal Marine Asia Underwriting (HK) Ltd. (CMAUHK) is a Managing General Agent (MGA) that is licensed by the Insurance Authority in Hong Kong and is appointed and authorised by a (re)insurer to solicit and negotiate insurance contracts on behalf of a (re)insurer and to effect and sign insurance contracts. CMAUHK operates from the Quarry Bay area of Hong Kong.
Depending on the terms of the appointment and delegated authority, a Managing General Agent (MGA) may perform many different tasks including, but not limited to, risk selection, risk pricing, utilising suitable policy wordings, issuing policies, processing endorsements, collecting policy premiums, handling of claims, and possibly being responsible for completion of regulatory reports.
With the ever increasing cost of doing business, including licensing, regulatory compliance, and rental and staffing costs, many (re)insurers are now using Managing General Agents (MGA) to increase market penetration, limit cost, and increase profitability.
Seaquest Intermediaries (L) Ltd. is an insurance and reinsurance broker that sells, solicits, and negotiates (re)insurance on behalf of a client and is remunerated by brokerage from the (re)insurer or a fee from the (re)insured.
The company is regulated by the Labuan Financial Services Authority and operates from the Bukit Bintang area in the heart of Kuala Lumpur.
Coastal Marine Management (NZ) Limited is a Managing General Agent incorporated under the Companies Act 1993 in New Zealand and allows the company to solicit and negotiate insurance contracts on behalf of a (re) insurer and to effect and sign insurance contracts when appointed and authorized to do so by a (re)insurer.
Coastal Marine Services Sdn. Bhd. Is a service company that will provide all the back-end requirements for Coastal Marine Asia Underwriting (HK), Sea Quest, and Coastal Marine Management (NZ).