Nexus expands to Singapore

Nexus Investment Holdings, Isle of Man (Nexus Group) has announced that it will be taking over the tied agency of Zurich Life Insurance Pte. Ltd (‘Zurich Singapore’), marking the region’s leading financial advisor’s first presence in Asia.  This transaction includes the transfer of approximately 150 financial adviser representatives from Zurich Singapore, covering the local market.

“The expansion of Nexus Group into Singapore demonstrates our world-class expertise in the field, and is a testament to our unwavering commitment to provide best in class insurance services to our clients around the world,” said Mahmoud Nodjoumi, Chairman of Nexus Group.“Our success at Nexus is dependent on a holistic approach to our insurance and financial services offering in the Middle East and we anticipate similar success in Singapore, with the transfer of the tied agency of Zurich Singapore.”

“We identified Singapore as a key market in the insurance industry, being an efficiently regulated and governed market, composed of an increasingly wealthy population, and strategically positioned in in Asia,” added Tarun Khanna, CEO of Nexus Group.

Nexus Group has been a long standing Zurich partner in the Middle East having successfully implemented its independent distribution model in the key insurance markets of the Middle East following the Management Buy Out of the Zurich International Life Direct Distribution Network in the region in 2006.