Deal estimated to be worth $1bn
French insurer Axa has reportedly bought HSBC’s non-life business with transaction details to be disclosed next week.
The two parties were said to disclose matters on the transaction next week at earliest, with the deal estimated to be worth $1bn (£633m), reports China’s Ming Pao and SinoCast Daily Business Beat.
HSBC Holdings and AXA spokesmen have so far declined to comment.
HSBC confirmed last September that it was looking for a buyer for its non-life insurance business, including accident and health insurance, auto insurance, fire insurance and liability insurance.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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