Singapore: Holding company acquires 80% of PIB
Source: Asia Insurance Review | Oct 2020
PWSH Singapore has completed an 80% purchase of Pacific Insurance Brokers (PIB), the Singapore-based direct insurance broker established in 1993.
With this acquisition, PWSH will accelerate plans to diversify its insurance business and expand services to cater to clients in the Singapore market, according to CEO Paul Murphy.
PIB CEO Leonard Pereira said the partnership will enable the business to leverage on the expertise of the latter and increase its presence in the Singapore marketplace. A