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UK’s Hiscox to sell Singapore and Thailand insurance business

Published by Uma Rajagopal

Posted on September 27, 2023

1 min read

· Last updated: January 31, 2026

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Hiscox logo representing insurance business sale in Singapore and Thailand - Global Banking & Finance Review
This image features the Hiscox logo, highlighting the company's recent decision to sell its DirectAsia motor insurance business in Singapore and Thailand. This strategic move reflects Hiscox's focus on optimizing its operations in the Asia-Pacific market.
insurance financial management corporate strategy
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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 […]

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)

Frequently Asked Questions

What is insurance?
Insurance is a financial product that provides protection against potential future losses or damages in exchange for regular premium payments.
What is a corporate strategy?
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.
What is a financial management?
Financial management involves planning, organizing, directing, and controlling the financial activities of an organization to achieve its financial goals.

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