Bridge Specialty International acquires Singaporean insurance brokerage business

The transaction is expected to finish in the first quarter of 2024.

Brown & Brown Europe's Bridge Specialty International, a wholesale and specialty brokerage group, will acquire Acorn International Network, a Singapore-based insurance broker.

The transaction, expected to conclude in the first quarter of the year, is contingent upon regulatory approval from the Monetary Authority of Singapore (MAS).

Acorn, established in 2011 and licensed by the Monetary Authority of Singapore, is led by CEO David Ong, bringing over 45 years of industry expertise.

ALSO READ: Roojai acquires Indonesian insurer, Lifepal

Following the acquisition, David Ong and his team will continue to manage the business.

In a statement, the acquirer said the strategic move allows Bridge Specialty International to establish a presence in Singapore's insurance hub, expanding its Asia platform alongside Capstone Insurance Brokers Limited in Hong Kong.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia