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Sunday, March 3, 2024

Insurance coverage dealer Pacific Prime expands into Australia 

Hong Kong-based medical insurance brokerage and worker advantages specialist  Pacific Prime has expanded into Australia.  

The transfer is a part of the corporate’s efforts to boost entry to healthcare and supply worker advantages options throughout Asia-Pacific.  

Pacific Prime additional stated the enlargement in Australia is aimed toward making certain {that a} broader viewers within the area can entry insurance coverage insurance policies tailor-made to their particular person wants. 

Michael Atta, head of worker advantages at Pacific Prime Australia, is main the corporate’s enlargement efforts in Australia. 

His profession within the insurance coverage and monetary sectors spans 4 many years. 

Pacific Prime deputy CEO Pierre de Mirman stated: “This pivotal second aligns seamlessly with our imaginative and prescient for excellence within the trade. We’re dedicated to offering top-notch recommendation and repair within the Asia-Pacific area, and now with Australia, we take a logical and thrilling step ahead.” 

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Atta stated: “Becoming a member of Pacific Prime and spearheading our enlargement in Australia is actually a momentous alternative.” 

Along with Australia, Pacific Prime has a presence in nations together with China, Hong Kong, Malaysia, Mexico, the Philippines, Singapore, Thailand, the UAE, the UK and the US. 

It has a workforce of greater than 1,000 throughout its 15 places of work globally. 

The enlargement into Australia comes shut on the heels of the dealer’s development in Asia, marked by its current acquisition of MIT Insurance coverage Brokers in Malaysia.  

MIT offers with varied strains of enterprise together with property and casualty, monetary strains and worker advantages, serving shoppers throughout numerous sectors together with medical establishments, meals producers in addition to vitality corporations. 

In 2021, Pacific Prime acquired the Hong Kong and Singapore brokerage items of insurtech firm CXA Group.  

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