Howden has acquired the business and assets of Singapore-based Aegis.

Established in 2003, Aegis offers tailor-made retail insurance solutions, specialising in professional indemnity, professional liability, pilot loss of license protection, and bonds and financial guarantee schemes.

It enjoys strong relationships with private education institutions in Singapore, providing them with fee protection and medical insurance cover. It was the first intermediary to offer loss of license insurance for pilots working for major airline groups in Asia-Pacific, and is now the only intermediary offering this product in Singapore.

Richard Tay, co-founder of Aegis, said: “Our clients will benefit from Howden’s scale, international depth and breadth, and access to top quality technology and digital solutions. Howden is a perfect fit for our team, and we look forward to continuing our growth and remaining committed to delivering for our clients as part of Howden.”

Goh Chye Huat, CEO, Howden Asia, added: “The acquisition of AEGIS reflects our broader strategy of empowering local teams to partner with culturally aligned companies with a shared entrepreneurial culture, and is a further step in our strategy to enhance our operational capabilities and client offering in Singapore. Evan Chng and Richard Tay have built a highly respected business that is a market leader in its chosen segments, and its commercial portfolio will help us diversify our business, expands our breadth and depth of specialism in Asia, and makes us the leading broker in the private education insurance segment in Singapore.”

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