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HSBC Insurance Holdings acquire AXA Insurance Singapore for $575M

Aug. 16, 2021 6:26 AM ETHSBC Holdings plc (HSBC) StockBy: Niloofer Shaikh, SA News Editor2 Comments
  • To become a leading wealth manager in Asia, HSBC Insurance (Asia-Pacific) Holdings Ltd, an indirect wholly-owned subsidiary of HSBC Holdings (NYSE:HSBC) to acquire AXA Insurance Pte Limited (AXA Singapore) for $575M.
  • AXA Singapore is currently the 8th largest life insurer

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