Honan Insurance Group, the Australia-based general insurance group, has expanded into Malaysia via a strategic relationship with the Hayat Group (Hayat).
Based in Kuala Lumpur, Hayat is a Malaysian Insurance Broker, handling both incoming and outgoing multinational business. It has been operating since 1977.
Following this move, the Worldwide Broker Network (WBN) has formalised this new position and appointed Honan as the second WBN member in Malaysia.
Furthermore, Honan Insurance Group (Asia) is now officially recognised as the second WBN member in Singapore.
With Honan’s Singapore office and new appointments as a WBN representative in Singapore and Malaysia, it says it is better equipped to deal with the challenges that come with administering multinational insurance programmes across South East Asia.