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Singapore-based insurance broker acquires Malaysian counterpart

Posted On: Jan. 3, 2017 5:00 AM CST

Singapore-based insurance broker Pana Harrison (Asia) Pte. Ltd. has acquired Malaysia-based AIH Reinsurance Brokers Ltd. for an undisclosed amount, Asia Insurance Review reports. The transaction is subject to regulatory approval. The merged entity will have 60 employees in seven countries with combined annual premium totaling $60 million.

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