Global insurance brokerage Pacific Prime is pleased to announce the full acquisition of MIT Insurance Brokers Sdn Bhd, Malaysia’s leading insurance brokerage firm specializing in risk management, insurance, and reinsurance.
With unwavering dedication to providing exceptional service, MIT has been at the forefront of Malaysian property and casualty, financial lines, and employee benefits solutions since 1973. Previously under the ownership of the largest state development corporation in Malaysia, MIT has provided high-profile clients with retail brokerage and risk consulting services, overseeing the methodical execution of their insurance programs and arrangements to fit every unique requirement and risk profile.
“World Class, Home Grown.” MIT Insurance Brokers has a proven track record of formulating innovative and cost-efficient insurance solutions for medical institutions, food manufacturers, plantations, retail businesses, property developers, energy companies, etc. Their versatility has positioned them as one of the most technically-capable and advanced insurance service providers in Malaysia.
A statement from Neil Raymond, CEO of Pacific Prime:
“Malaysia is an exciting country for us to expand our operations. With the integration of MIT Insurance Brokers, we’ll bring together a team of established and experienced personnel to provide innovative and strategic solutions both within and outside of the region. This is of utmost importance in light of the numerous global regulatory and technological changes taking place.”
Pacific Prime’s merger with MIT Insurance Brokers heralds a new age of broker unity, where insurance is simplified, streamlined, and client-centric in the face of evolving challenges. Among Pacific Prime’s fifteen offices around the globe, MIT Insurance Brokers will operate as part of Pacific Prime Consultants Malaysia, a fully-licensed client service point that provides localized products as well as flexible benefits administration and servicing within the region. In the coming weeks, it is anticipated that MIT’s staff will continue their journey onboard the Pacific Prime flagship with the shared goal of simplifying insurance.
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