Honan Asia receives approval for NGA acquisition, key focus is ensuring a smooth transition for clients.
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.