Newstate Stenhouse

What Newstate Stenhouse does

Newstate Stenhouse (S) Pte Ltd is a Singapore-based independent insurance broker and risk management firm founded in 1976 and operating as a subsidiary of the Citystate Capital Asia group. The company acts as the outsourced insurance arm for its clients, providing risk consulting, insurance broking, and ongoing program management across six core service lines: International Programmes (multi-jurisdiction corporate coverage), Corporate Insurance, Medical and Employee Benefits, Marine Insurance (Hull, P&I, Cargo), Lifestyle Insurance, and Motor Insurance (corporate fleet). It serves a horizontal mix of startups, SMEs, MNCs, and global brands, claiming 1,000+ businesses helped, with regional subsidiary or associate offices in Hong Kong, India, and China plus membership in three international broker networks (UNIBA, EURIBRON, Steadfast) enabling coverage coordination across 130+ countries. In 2025 it introduced an International Private Medical Insurance (IPMI) product targeting expatriates, global families, and high-net-worth individuals, with coverage across 190+ countries, a 60-second online quote tool, and express activation.

Revenue is generated primarily through insurance-broker commissions on placed business, with pricing structured as customized multi-year corporate programs; the company does not publish pricing or revenue. Go-to-market is consultative field sales for the corporate book, supplemented by a self-serve digital quote-and-activation funnel for IPMI. Senior leadership comprises specialists with 25-40+ years of industry experience, including a CEO with Lloyd's-of-London-trained Executive Director and dedicated GMs for Operations, Employee Benefits, Marine, and Claims. The firm carries S$1 million in paid-up capital at the entity level, with the parent group reporting US$63.7 million in total paid-up capital.

Name

Newstate Stenhouse

Legal name

Newstate Stenhouse (S) Pte Ltd

Website

https://newstate.com.sg

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

Newstate Stenhouse is a Singapore-based independent insurance broker (founded 1976) providing corporate, marine, employee benefits, and international private medical insurance to startups, SMEs, MNCs, and global brands across 130+ countries via regional offices and international broker networks.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421), Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Insurance broking services
• Risk management consulting
• Corporate insurance solutions
• Marine insurance brokerage
• International health insurance

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Insurance Broking Commissions: As an insurance broker, Newstate Stenhouse earns commissions from insurance providers for placing business. They act as the insurance arm of client organisations, working exclusively for the client's benefit to manage risk and protect interests.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Newstate Stenhouse is an independent insurance broker that places and manages insurance coverage on behalf of clients across six corporate service lines (International Programmes, Corporate Insurance, Medical and Employee Benefits, Marine Insurance, Lifestyle Insurance, and Motor Insurance) plus an International Private Medical Insurance offering for expats and high-net-worth individuals. The firm acts as an outsourced in-house insurance department, providing risk analysis, programme design, placement, and claims support backed by a 130+ country network.

Product overview

Newstate Stenhouse is an insurance broker offering a unified portfolio of insurance broking and risk management services. The company provides six core service lines: International Programmes (for overseas operations coverage), Corporate Insurance (acting as organizational insurance arms), Medical and Employee Benefits (group insurance and benefits schemes), Marine Insurance (specialized maritime coverage), Lifestyle Insurance (personal lines including home, travel, art, and collections), and Motor Insurance (corporate fleet solutions). Additionally, the company offers International Private Medical Insurance (IPMI) as a flagship product providing comprehensive global health coverage for expats and high-net-worth individuals across 190+ countries. Services are delivered through qualified insurance professionals with expertise spanning property, casualty, construction, engineering, and marine insurance classes.

Differentiator

Problem solved

Functional benefit

Products and services

• International Programmes
• Corporate Insurance
• Medical and Employee Benefits
• Marine Insurance
• Lifestyle Insurance
• Motor Insurance
• International Private Medical Insurance (IPMI)

Quantifiable outcome

• Fast response within ONE working day
• +3 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• UNIBAcoreStrategic or Co-development PartnerInternational insurance broker network partner. UNIBA is a global alliance of independent insurance brokers enabling Newstate to provide coordinated coverage across multiple countries.
• EURIBRONcoreStrategic or Co-development PartnerEuropean insurance broker network partner providing access to European insurance markets and expertise for clients with operations in Europe.
• SteadfastcoreStrategic or Co-development PartnerInternational insurance broker network partner. Steadfast provides Newstate access to a global network of insurance professionals and markets.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Marsh: Global insurance broker and risk advisor with a major Singapore presence serving corporate, marine, and employee benefits clients. Directly competes with Newstate on multi-national corporate programs and marine placements in Asia.
• Willis Towers Watson (WTW): Global advisory and insurance brokerage firm with Singapore presence across corporate risk, marine, and employee benefits. Overlaps with Newstate on international program structuring and employee benefits for multinationals.
• Howden Insurance Brokers: Independent global insurance broker with strong Asia-Pacific footprint and Singapore operations. Closely comparable as an independent (non-carrier-owned) broker competing for corporate, marine, and specialty placements.
• Aon: Global insurance and reinsurance broker with Singapore and regional Asia operations offering corporate risk, marine, health, and benefits solutions. Competes head-to-head for multinational corporate accounts and large risk placements.
• Nexus Risk Services: Singapore-based independent insurance broker offering corporate, marine, and employee benefits solutions. Comparable in scale and geography to Newstate as a Singapore-headquartered multi-line broker.
• Lonmar Global Risks: Singapore-headquartered specialty insurance broker focused on marine and energy risks. Directly comparable on marine hull, P&I, cargo, and energy underwriting—Newstate's stated specialty strength.
• Lockton Companies: World's largest independent insurance brokerage with Asia operations. Compares on independent-broker positioning, corporate risk placement, and employee benefits for mid-to-large enterprises.
• Aries Insurance Brokers: Established Singapore-based independent insurance broker serving corporate and personal lines. Comparable as a heritage Singapore broker targeting SME and corporate clients across similar product lines.
• Thakur Das Syers (TDS) Insurance Brokers: Long-standing Singapore independent insurance and reinsurance broker. Comparable as a heritage Singapore independent broker with similar multi-line corporate and specialty capabilities.

Broad incumbents

• Cigna Global Health Benefits: Global health insurer with IPMI products for expats and globally mobile employees. Overlaps with Newstate's IPMI offering as a larger carrier/distributor of international private medical insurance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/newstateSG
• LinkedInlinkedin.com/company/newstate

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Newstate Stenhouse