News Non-Life05 Feb 2019

Thailand:Top insurance broking unit formed

| 05 Feb 2019

Howden Insurance Brokers (Thailand) and Maxi Insurance Broker have joined forces to form Howden Maxi, a top 10 Thai broker with best-in-class expertise and global reach.

Their key expertise is in motor, property & casualty, transportation, jewellers’ block, financial lines, employee benefits and reinsurance, according to a statement issued by Hyperion Insurance Group, of which Howden is the retail broking arm. Maxi is the leading motor insurance broker in Thailand and part of Master Group Corporation (MGC), a major powerhouse in the Thai automotive retail and service sector.

By bringing together the specialist expertise of the two businesses, and the reach of the Howden global network, Howden Maxi can provide the full range of direct insurance and reinsurance services both within Thailand, and internationally, to both commercial and consumer markets.

Howden Maxi is now part of both Howden Broking Group, the world’s largest international independent retail broker, part of the Hyperion Insurance Group; and MGC.

Mr Jittiwut Sasibutra, founder and MD of Maxi, has taken on the role of CEO of Howden Maxi. 

Mr José Manuel González, CEO, Howden commented, “We have brought together two very complementary businesses. Howden Maxi combines Maxi’s market-leading motor expertise and widely-recognised local brand with Howden’s international reach and experience in delivering a broad range of specialist insurance products to commercial clients in Thailand. This results in a greater breadth and depth of expertise for the clients of both businesses.”

Mr Sasibutra said, “As part of a leading international insurance group, we can offer a wider, better range of insurance solutions to our clients and, because that group is Howden, we can do so without losing any of the positive cultural attributes that have been integral to our success. The teams of both businesses have already settled comfortably under the new name of Howden Maxi.”

 

 

 

 

 

 

 

 

  

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