# UK’s Hiscox to sell Singapore and Thailand insurance business
Published: 2023-09-27
Category: Headlines
Category URL: https://bizdispatch.com/category/headlines/
Meta Title: Hiscox to Sell Singapore & Thailand Insurance Busines...
Meta Description: British insurer Hiscox announces sale of DirectAsia, its motor insurance business, in Singapore and Thailand to Ignite Thailand Holdings. Expected to be comp...
URL: https://bizdispatch.com/uks-hiscox-to-sell-singapore-and-thailand-insurance-business/

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(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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