Exclusive: Nexus’ Hong Kong, Labuan underwriting business acquired by Huntington – InsuranceAsia News


Huntington Underwriting has acquired the underwriting businesses of Nexus Underwriting in Hong Kong and Labuan in a management buyout, Gerard Pennefather, managing partner at Huntington Advisory, told…
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Sydney-based Moore was most recently general manager for growth and client strategy at Lockton.
The deal, which values the broker at US$350-400m, has received regulatory approval from the IRDAI, according to sources
Willis is understood to be the broker, while Charles Taylor is the loss adjuster.
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Launched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim.
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