Servco Pacific Insurance Retains Acacia To Identify Growth Opportunities in Asia
HONG KONG – Servco Pacific Insurance (SPI), a privately held, rapidly growing insurance brokerage and risk management services company based in Hawaii, today announced it has retained Acacia Advisory Limited (Acacia) to help it identify strategic growth opportunities in Asia. The announcement comes after a successful expansion of SPI to Seattle, Washington where it was named one of the Pacific Northwest’s 100 Fastest Growing Privately-held Companies.
Headquartered in Hong Kong, Acacia is a strategic growth and business development consulting firm with a specialized focus on insurance businesses in the Asia Pacific region. Acacia is led by CEO Susanna Lam who previously served as the managing director of A.M. Best Asia Pacific. Lam has a range of experience in the insurance industry including a post as general manager of the Reinsurance Department for Ping An Property & Casualty Insurance Company of China, and director & general manager of Miller Insurance Services Company of Hong Kong.
“We’ve built one of the most highly-skilled brokerage companies in Hawaii and the Pacific Northwest,” said Joseph Hu, president of Servco Pacific Insurance. “Given our particular specialty in marine coverage, we think Asia is the next logical step for the growth of our business and Susanna is the right person to help us make it happen.”
SPI services include specialties in aviation, construction, employee benefits, hospitality, marine, municipalities, surety and transportation.
SPI is a division of Hawaii’s 4th largest business, Servco Pacific Inc., a leader in a number of industry segments with gross revenues in excess of $1.2 billion. As part of the Servco family, SPI provides clients the service capabilities of national insurance brokerage firm with the focused, personalized expertise of a boutique firm.
About Servco Pacific Insurance
Servco Pacific Insurance (SPI) is a privately held insurance and risk management services company operating in Hawaii and the Pacific Northwest. SPI, which was founded in 1971, offers a full range of property, casualty and marine insurance products, risk management services, traditional and loss-sensitive insurance programs and employee benefits consulting. SPI is part of Servco Pacific Inc., one of Hawaii’s largest companies and voted one of Hawaii’s Best Places to Work for the past 11 years. For more information, please visit www.servcopacific.com.