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Home Headlines UK’s Hiscox to sell Singapore and Thailand insurance business
2023 09 27T061228Z 1 LYNXMPEJ8Q059 RTROPTP 4 HISCOX OUTLOOK

UK’s Hiscox to sell Singapore and Thailand insurance business

by Uma Rajagopal
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UK’s Hiscox to sell Singapore and Thailand insurance business

(Reuters) – British insurer Hiscox said on Wednesday it has agreed to sell DirectAsia, its motor insurance business in Singapore and Thailand, to Ignite Thailand Holdings following a strategic review.

The company expects the deal to be completed by the end of 2023.

 

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips)

 

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Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.