# UK’s Hiscox to sell Singapore and Thailand insurance business
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2023-09-27
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: Hiscox to Sell Singapore and Thailand Insurance Business
Meta Description: British insurer Hiscox announces sale of DirectAsia, its motor insurance business in Singapore and Thailand, to Ignite Thailand Holdings. Learn more.
URL: https://startupobserver.com/uks-hiscox-to-sell-singapore-and-thailand-insurance-business/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsrmdo0032wirgrt84jr62/images/2023-09-27t061228z1lynxmpej8q059rtroptp4hiscox-outlook-1737048423837-compressed.jpg)

(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)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---