g&m Pte Ltd acquires ANDA Insurance Agencies Pte Ltd

SINGAPORE,Sept. 1,2021 -- g&m Pte Ltd,a leading insurance broker offering advisory services for retail segments of insurance in Singapore,announced today that it has reached an agreement to acquire ANDA Insurance Agencies Pte Ltd,a leading provider of domestic helper and motorcycle insurance,from Marsh Singapore.

"ANDA's product line complements g&m's group business and this timely acquisition aligns with our efforts on business growth,digitalization and consolidation," said Douglas Chia,Group CEO of g&m.

In spite of the global pandemic,domestic demand for domestic helpers and foreign workers has continued to grow. Coupled with major delays in development projects,the re-opening of borders will likely lead to a surge in the demand for both domestic helpers and foreign workers.

"With the huge shift to digitalization in a post-COVID-19 world,many companies have started restructuring their businesses," said Douglas. "Prior to the new normal,g&m had already been gearing up our business model for growth and scalability,ensuring that we are also better positioned to serve the retail segments of insurance."

After the acquisition,g&m Pte Ltd and ANDA Insurance Agencies Pte Ltdwill both operate independently as an insurance broker and agency respectively. In line with future expansion plans,g&m will continue to seek out suitable acquisition opportunities in both the insurancebroking and agency space.

About g&m Pte Ltd

As a leading insurance broker with over 40 years of industry experience,g&m is transforming the way that Singaporeans access insurance by offering professional advisory services for quick and fuss-free insurance solutions to match their needs. Using its deep access into pricing and products from Singapore's leading insurers,g&m is effectively able to match customers with the best policy at competitive prices. Covering a holistic suite of general insurance products including commercial,motor,health and lifestyle,g&m strives to remove the complexities and technicalities surrounding insurance to provide businesses and individuals access to a no-hassle approach through their insurance delivery journey.

To learn more about g&m,visit http://www.gnm.com.sg.