PRESS RELEASE AND MEDIA

Kerry Logistics has further expanded its business portfolio by entering into the insurance sector through the acquisition of Taishan Insurance Brokers Ltd (TIB), which offers a full range of insurance brokerage and consultancy services in Asia.

TIB is a risk management and insurance consulting firm fulfilling a comprehensive range of insurance requirements for both commercial and industrial sectors through customized products and solutions.

TIB insurance specialists are renowned for their innovative approach to developing integrated insurance products and alternative risk transfer solutions to meet the insurance needs of their clients' business interests in Asia.

“This is a significant addition to the Group and will provide our customers in the region with a broader range of insurance products and services. TIB will also enhance the coverage and competitiveness of the group’s services,” said William Ma, Managing Director of Kerry Logistics Network.