Goh Chye Huat, CEO, Howden Asia, said: “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”

Singapore:

Howden Insurance Brokers, the international insurance broker, today announced an additional step in its strategy to expand Howden Asia’s spectrum of specialties with the acquisition of the business and assets of AEGIS Insurance Agencies Pte, a Singapore based specialist insurance agency.

This reinforces Howden’s commitment to the Asian market and its ongoing strategy to invest expertise to deliver tailored (re)insurance solutions that are expertly adapted to clients’ needs.

Evan Chng, Co-Founder of AEGIS, said: “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.”

Goh Chye Huat, CEO, Howden Asia, said: “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. ”

Established in 2003, AEGIS offers tailor-made retail insurance solutions, specialising in professional indemnity, professional liability, pilot loss of license protection, and bonds and financial guarantee schemes.

It enjoys strong relationships with many private education institutions in Singapore, providing them with fee protection and medical insurance cover. It was the first intermediary to offer loss of license insurance for pilots working for major airline groups in Asia Pacific, and is now the only intermediary offering this product in Singapore.