Howden Acquires Singapore-Based AEGIS Insurance Agencies Pte Ltd. & More News Here

Howden Insurance Brokers (Singapore) Pte Ltd., the worldwide insurance coverage dealer and subsidiary of Howden, introduced it has acquired the enterprise and belongings of AEGIS Insurance Agencies Pte., a Singapore-based specialist insurance coverage company.

Financial particulars of the transaction weren’t disclosed.

Established in 2003, AEGIS provides 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 schooling establishments in Singapore, offering them with payment 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 clients will benefit from Howden’s scale, international depth and breadth, and access to top quality technology and digital solutions. Howden is a perfect fit for our team, and we look forward to continuing our growth and remaining committed to delivering for our clients as part of Howden,” commented Richard Tay, co-founder of AEGIS.

“Joining Howden enables our clients to benefit from the scale of Howden’s international specialty offering. As an employee-owned company with a people first culture that shares our commitment to client centricity and innovation, our people will be empowered to deliver ever more advanced risk solutions to clients as part of Howden. We’re looking forward to growing our business with Howden in the future,” stated Evan Chng, co-founder of AEGIS.

“The acquisition of AEGIS reflects our broader strategy of empowering local teams to partner with culturally aligned companies with a shared entrepreneurial culture, and is a further step in our strategy to enhance our operational capabilities and client offering in Singapore,” in line with Goh Chye Huat, CEO of Howden Asia. “Evan Chng and Richard Tay have built a highly respected business that is a market leader in its chosen segments, and its commercial portfolio will help us diversify our business, expands our breadth and depth of specialism in Asia, and makes us the leading broker in the private education insurance segment in Singapore.”

About Howden

Headquartered within the UK and established in 1994, Howden offers 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 Middle East, using greater than 9,000 individuals worldwide. Together with community companions aligned to its specialty-led proposition, Howden operates in additional than 90 territories.

Source: Howden Broking

Topics
Mergers & Acquisitions
Agencies

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