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NEWS

UK’s Hiscox to sell Singapore and Thailand insurance business

(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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