MSH INTERNATIONAL reinforces its position in Asia with the acquisition of Expat Insurance
MSH INTERNATIONAL announces the acquisition of Expat Insurance Pte Ltd. United by a common business and team culture, the agreement between MSH INTERNATIONAL and Expat Insurance was signed on Friday, 1 April 2016.
Expat Insurance is a leading independent insurance broker in Singapore, focused on delivering health insurance, employee benefit programmes and high net worth solutions for a globally-mobile client base. The firm has currently around 30 employees and reported turnover of €3 million in 2014.
MSH INTERNATIONAL is a world leader in the design and management of international healthcare and death & disability insurance solutions for globally-mobile individuals. Its services are intended for employees of multinationals, SMEs and micro-businesses, workers in international organizations, individual expatriates and local high-net-worth individuals in need of international insurance coverage. MSH INTERNATIONAL has more than 2,000 corporate clients and 330,000 insured members across 200 countries, including taking care of more than 10% of the Fortune 500.
"We are very pleased to welcome the Expat Insurance brand and their team into our organization and solidify our presence and commitment to growth in Asia. Singapore is a key location in the healthcare market in Asia and Expat Insurance has established a leadership position as a broker in the space. Expat Insurance has an outstanding track record and we believe this acquisition will accelerate our development in Asia". said Frederic van Roekeghem, Executive Director of MSH INTERNATIONAL.
Danielle Warner, Founder and CEO of Expat Insurance, added "We are excited to work in partnership with MSH INTERNATIONAL to continue to provide clients with unparalleled service. By teaming up, we will benefit from MSH INTERNATIONAL’s scale and global presence; together we will be able to leverage one another’s strengths to realize the group’s growth ambitions in providing solutions to globally-mobile individuals and companies employing a diverse workforce. We look forward to finding ways to bring the best of both MSH INTERNATIONAL and Expat Insurance to our clients while retaining our brand identity and our leadership team".
About MSH INTERNATIONAL, SIACI SAINT HONORE Group:
MSH INTERNATIONAL, is a world leader in the design and management of international healthcare and death & disability insurance solutions for globally-mobile individuals. Its services are intended for employees of multinationals, SMEs and micro-businesses, workers in international organizations, individual expatriates and local high-net-worth individuals in need of international insurance coverage. Thanks to a decentralized organization, 4 regional head offices in Calgary, Paris, Dubai and Shanghai and 13 service offices across the globe, MSH INTERNATIONAL provides 24/7, round-the-clock assistance to its 2,000 corporate clients and 330,000 insured members across 200 countries. MSH INTERNATIONAL, a subsidiary of SIACI SAINT HONORE, one of the leading insurance brokers in France, won the French Excellence Award in 2013 in the “Services” category.
About SIACI SAINT HONORE:
SIACI SAINT HONORE, one of the leading providers of brokerage and consulting services in the French insurance market, supports large and mid-cap companies in the management of their property and personal insurance risks in France and around the world. The Group designs and develops customized solutions for its corporate clients in Property & Casualty, Marine, Employee Benefits, Retirement, HR Strategy & Total Rewards and International Mobility. SIACI SAINT HONORE’s services encompass the entire value chain from risk management consulting to the management of insurance plans. The firm has currently almost 1,600 employees worldwide, insures 1.3 million individuals in France and abroad and reported turnover of €259 million in 2014.