Malaysia: Insurance broking joint venture formed
Source: Asia Insurance Review | Jan 2020
Honan Insurance Group Asia and Kuala Lumpur-based MP Insurance Brokers have created a joint venture for the Malaysian market.
Known as MP Honan Insurance Brokers, the new business venture will provide clients with tailored-insurance solutions to help address and manage their individual and business risk protection needs, the firms said in a joint statement.
“The combination of their knowledge of the Malaysian marketplace combined with our global resources and access to the Worldwide Broker Network – the world’s largest structured network of independent local brokers – will give MP Honan Insurance Brokers significant capacity to offer an enhanced and broader service offering,” said Honan Insurance Group CEO Andrew Fluitsma.
Honan Insurance Group is a national Australian broker with a committed presence in the Asian marketplace, with offices in Singapore and Malaysia. Employee benefits insurance is one of its specialties, and, through its WBN affiliation, has access to 1,500 professionals in over 100 countries. A