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Honan Asia receives approval for NGA acquisition, key focus is ensuring a smooth transition for clients.

Honan

Media Release 

Honan Asia receives approval for NGA acquisition, key focus is ensuring a smooth transition for clients.

Thursday 18 January 2018

Honan Insurance Group has received approval from the Monetary Authority Singapore (MAS) to proceed with it’s acquisition of the NGA Benefits, a leading employee benefits business based in Singapore.

Over the next two months, NGA’s 28 staff will join the Honan team at Raffles Place. The team now has a broad skill set across Employee Benefits, Flexible Benefits, Claims System and Solutions and General Insurance Solutions.

The transition to consolidate business operations has commenced, and is expected to complete over the next two months.

The key focus for Honan over this period is to ensure a seamless experience for clients.

Damien Honan, CEO of Honan Insurance Group, said: “We are committed to ensuring our clients receive the same level of excellent service they are accustomed to. Our teams in Australia and Singapore are mobilising resources and working hard behind the scenes to ensure minimal disruption throughout the transition.”

The NGA acquisition is part of Honan’s continuing investment in South East Asia, which forms part of its growth strategy for the next 3 years.

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About Honan Insurance Group

Honan Insurance Group is an Australian owned and operated insurance broking company established in 1964. Over the past 50 years Honan has built a reputation for integrity, honesty, and professionalism, and is today recognised as one of the industry leaders in the Asia-Pacific region. Honan currently employs more than 180 staff and has offices in Melbourne, Sydney, Brisbane, Perth, New Zealand and Singapore. For more information you can visit www.honan.com.au

Media Contact

Sharan Uppal, Head of Marketing & Communications sharanu@honan.com.au +61 3 9947 4385 +61 419 736 155

Receive $105,000 in grants when you adopt work-life balance arrangements in your office!

Honan Benefits Work-Life Grant
Encourage work-life balance within your organization with the Ministry of Manpower-approved and enhanced Work-Life Grant. The grant aims to sustain the use of flexible work arrangements (FWAs) through company incentives. What Else Will You Gain In Return? • FWAs enable employers to attract and retain employees as a way of employee benefits • Enhance market competitiveness as an employer • Improve employee productivity through increased employee satisfaction How It Works In order to receive a total grant of up to $105,000 for a period of two years, employers must choose FWAs, Job-Sharing or adopt both. Employees must also be Singapore Citizens or Singapore Permanent Residents. Refer to the criteria below. Work-Life-Grant criteria Eligibility Criteria
  1. Company must be legally registered or incorporated in Singapore
  2. New applicants must not have previously obtained the Flexible Work Arrangement Incentive under the Work Life Grant
To discuss your eligibility or find out how the grant will benefit your organisation, please feel free to contact me on +65 6323 3411 or Cassaundra.tan@honan.com.sg.