Axa completes sale of insurance operations in Malaysia

Written by Adam Cadle

30/08/2022

Axa has completed the sale of is Malaysian operations to Generali, in line with plans to strengthen its position in the “high potential” Asian economy.

The acquisition will see Generali buy Axa’s stakes in its two Malaysian joint venture operations – Axa Affin General Insurance and Axa Affin Life Insurance – for a combined sum of €150m (£131m).

The deals, which will see Generali enter Malaysia’s life-insurance market, come as part of Generali's plans to strengthen its position in “high potential” Asian markets, with a view to growing its footprint in the continent’s fastest-growing economies.

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