HSBC Insurance (Asia-Pacific) to acquire AXA Singapore for $575m
HSBC has signed an all-cash deal worth $575 million through its fully-owned subsidiary — HSBC Insurance (Asia-Pacific) to acquire AXA Insurance Pte Limited (AXA Singapore), the insurance operations of AXA in Singapore. AXA Singapore, which is a composite insurer, offers life and savings, health and property and casualty (P&C) solutions to nearly a million customers. […]