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Singapore: AU Group and PhillipCapital set up joint venture

Source: Asia Insurance Review | Nov 2016

Credit-insurance broker AU Group and PhillipCapital have announced a new joint venture in Asia and the opening of its first subsidiary in Singapore.
 
   The move comes as PhillipCapital, which has interests in insurance underwriting and broking, looks to expand further in the area of credit and political risks while AU Group paves the way for future expansion in the region through this partnership, reported Business Times. 
 
   The joint venture, AU Group Asia, is led by Mr Gerald Lim, a pioneer in credit and political risk insurances in the region. Mr Lim is also President of SIBA, Singapore Insurance Brokers’ Association.
 
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