AU GROUP AND PHILLIPCAPITAL ANNOUNCE NEW JOINT VENTURE IN ASIA AND THE OPENING OF ITS FIRST SUBSIDIARY IN SINGAPORE.
Paris and Singapore (18 October 2016) – AU Group and PhillipCapital are proud to announce the formation of a joint venture to develop credit and political risk insurances in Asia, and the opening of its first subsidiary in Singapore. The joint venture (AU Group Asia) is chaired by Gerald Lim, and will develop new country opportunities in the region. Gerald is a pioneer in credit and political risk insurances in the region, and was recently with Marsh as Asia CEO for Trade Credit, Financial & Political Risks, and CEO for South East Asia. Prior to that he was with Aon as