Howden Insurance coverage Brokers (Singapore) Pte Ltd., the worldwide insurance coverage dealer and subsidiary of Howden, introduced it has acquired the enterprise and property of AEGIS Insurance coverage Businesses Pte., a Singapore-based specialist insurance coverage company.
Monetary particulars of the transaction weren’t disclosed.
Established in 2003, AEGIS presents tailored retail insurance coverage options, specializing in skilled indemnity, skilled legal responsibility, pilot lack of license safety, and bonds and monetary assure schemes. It enjoys robust relationships with many non-public training establishments in Singapore, offering them with price safety and medical insurance coverage cowl.
AEGIS was the primary middleman to supply lack of license insurance coverage for pilots working for main airline teams in Asia Pacific and is now the one middleman providing this product in Singapore.
“Our purchasers will profit from Howden’s scale, worldwide depth and breadth, and entry to top of the range know-how and digital options. Howden is an ideal match for our staff, and we stay up for persevering with our development and remaining dedicated to delivering for our purchasers as a part of Howden,” commented Richard Tay, co-founder of AEGIS.
“Becoming a member of Howden permits our purchasers to profit from the dimensions of Howden’s worldwide specialty providing. As an employee-owned firm with a folks first tradition that shares our dedication to shopper centricity and innovation, our folks will probably be empowered to ship ever extra superior danger options to purchasers as a part of Howden. We’re wanting ahead to rising our enterprise with Howden sooner or later,” mentioned Evan Chng, co-founder of AEGIS.
“The acquisition of AEGIS displays our broader technique of empowering native groups to associate with culturally aligned corporations with a shared entrepreneurial tradition, and is an extra step in our technique to boost our operational capabilities and shopper providing in Singapore,” in keeping with Goh Chye Huat, CEO of Howden Asia. “Evan Chng and Richard Tay have constructed a extremely revered enterprise that may be a market chief in its chosen segments, and its industrial portfolio will assist us diversify our enterprise, expands our breadth and depth of specialism in Asia, and makes us the main dealer within the non-public training insurance coverage phase in Singapore.”
Headquartered within the UK and established in 1994, Howden gives re/insurance coverage brokerage, danger consulting and worker advantages recommendation. It contains owned companies throughout Europe, Asia, Australia and New Zealand, Africa, Latin America and the Center East, using greater than 9,000 folks worldwide. Along with community companions aligned to its specialty-led proposition, Howden operates in additional than 90 territories.
Supply: Howden Broking
Mergers & Acquisitions
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