# UK’s Hiscox to sell Singapore and Thailand insurance business
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-09-27
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Hiscox to Sell Singapore and Thailand Insurance Business to
Meta Description: British insurer Hiscox announces sale of DirectAsia motor insurance business in Singapore and Thailand, set to be completed by end of 2023.
URL: https://financedigest.com/uks-hiscox-to-sell-singapore-and-thailand-insurance-businesshtml

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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 Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips)


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