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  • Writer's pictureOlivia Nguyen

AXA Insurance Pte Ltd (“AXA Singapore”) sold to HSBC Insurance for $529M

Updated: May 9, 2022

AXA Insurance has completed sale of its Singapore Operations to HSBC Insurance (Asia-Pacific) Holdings for total cash consideration of $529M. AXA Singapore ranks 8th in the Life insurance market in Singapore and 5th in the P&C market with 2% and 4% market shares respectively. The deal marks HSBC’s largest acquisition since the merger of its Oman branch in 2012.

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