Axa completes sale of Axa Singapore to HSBC Insurance for $529mn
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Axa completes sale of Axa Singapore to HSBC Insurance for $529mn

Luke Harrison
11 February 2022
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Singapore evening

Axa has completed the sale of Axa Insurance Pte (Axa Singapore) to HSBC Insurance (Asia-Pacific) Holdings Ltd for a total cash consideration of $569mn, as the carrier looks to simplify its business.

The Singapore business is a composite insurer offering life, health and P&C, distributing its products through agents and local partnerships to around one million customers.

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News M&A Axa
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Luke Harrison
Reporter
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