Laya Healthcare to joins AXA in €650m deal: A strategic move in the health insurance market
Insurance giant AXA announced today that it has entered into an agreement to acquire Laya Healthcare Limited from Corebridge Financial Inc., a subsidiary of AIG, for a consideration of €650 million. The acquisition, representing an expected price-to-earnings multiple of around 11x, is set to have an impact of -3 points on AXA Group’s Solvency II […]