Bridge Specialty Int’l completes acquisition of Acorn Int’l

It said the acquisition expands its footprint in Singapore.

Bridge Specialty International completed its acquisition of Acorn International Network, a Singapore-based insurance broker. 

Acorn, founded in April 2011 and licensed by the Monetary Authority of Singapore, will continue to be led by chief executive officer (CEO) David Ong, who has over 45 years of experience in the sector.

Tim Coles, CEO of Bridge Specialty International, stated that the acquisition strengthens the company's presence in the Singapore insurance market, enhancing its expansion in Asia. 

Bridge Specialty International already operates in Asia through Capstone Insurance Brokers Limited, based in Hong Kong, which specialises in financial lines and digital asset insurance. 

Ong described the acquisition as an opportunity for Acorn to expand its offerings and footprint in Singapore and the region.