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
(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)
Insurance is a financial product that provides protection against potential future losses or damages in exchange for regular premium payments.
Corporate strategy refers to the overall plan and direction a company takes to achieve its goals and objectives, including decisions on mergers, acquisitions, and resource allocation.
Financial management involves planning, organizing, directing, and controlling the financial activities of an organization to achieve its financial goals.
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