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.
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
Sharan Uppal, Head of Marketing & Communications
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