AXA acquires ICAS

AXA UK has acquired ICAS International Holdings, a global provider of employee support and well-being services.

The move enables the UK’s second largest private medical insurer, AXA PPP healthcare, to strengthen its presence in the growing market for employee support and well-being services.

ICAS owns and operates businesses in the UK, Southern Africa and Spain, and has a network of providers and affiliates covering over thirty countries in six continents.

With 1.5 million employees covered by its services, ICAS has over 900 corporate clients – 50 of which are multinational.

Keith Gibbs, chief executive of AXA PPP healthcare, said: “The arrival of ICAS, with its strong management team, significantly enhances our ability to help companies to manage the increasingly important areas of employee well-being, performance and productivity.

“It will enable us to improve and broaden our business with employers both in the UK and internationally.”