The deal will combine the groups’ international platforms into an enlarged network spanning more than 130 countries and managing over US$3.5bn in premiums.
The firm's new CEO, Hiromitsu Tokumaru, said it would overhaul its life planner model and pay structure to curb aggressive sales pressures following the fraud scandal.
AmTrust Specialty Limited says the move will help build its local underwriting capacity while meeting rising demand from intermediaries, funders, and legal professionals in the country.
Backed by Price Forbes Singapore, the global programme offers a total prize fund of S$69,000 this year, and has supported more than 45 young people worldwide since 2021.
