Mitsui & Co. acquires majority stake in Singapore broker PHA

Mitsui plans to rebrand the Singaporean broker.

Mitsui & Co., Ltd is now the majority owner of Pana Harrison (Asia) Pte Ltd (PHA) after it has increased its stake to 51%.

At the same time, PHA will now be rebranded to Mitsui Bussan Pana Harrison.

“We are very pleased to have acquired a majority stake in PHA and now branded as Mitsui Bussan Pana Harrison. Following our initial investment in 2020, this further strengthens the testament of Mitsui’s history as a long-term dependable partner. We have a strong commitment to the business and the opportunities for new risk mitigation products as we move into the new normal,” said Shinsuke Waka, general manager of the financial business division at Mitsui.

PHA is a general (re)insurance broker, a registered Lloyd’s Broker, and exempt financial adviser in Singapore, with offices in Taiwan and Myanmar. PHA was established in 1980 as a joint venture with the Harrison Horncastle Insurance Group (UK), Pana Harrison (Asia) is licensed and supervised by the Monetary Authority of Singapore

Meanwhile, Mitsui is a global trading and investment company with a diversified business portfolio that spans approximately 63 countries in Asia, Europe, North, Central & South America, The Middle East, Africa and Oceania.

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

It plans to focus on three initiatives to meet customer expectations.
This is part of the industry’s support for the vaccination and booster drive.
The government has also opened its hotel isolation facilities for tourists.
Growing sales of electric vehicles supported the recovery of premiums in 2021.
AIA now has 24.99% stake in the life insurance firm.
Customers of the airline will be offered a range of insurance travel products.
The majority of the complaints were concerned with treatments not being covered.
He will also head the corporate risk and brokerage.
The move comes amidst further increase in competition in the market.
The regulator has appointed managers to take control of the firm.
Insurance Asia will be back on 10 January 2022. 
The newest product calculates biological age to give bonus insurance coverage.
The app targets employees of Japanese firms operating in the country.
The insurance package will be exclusive for Bloom members.
It also enlisted Milliman to implement new rates for motor products.