Generali swoops to acquire AXA's insurance business in Malaysia

22-06-2021

Generali swoops to acquire AXA's insurance business in Malaysia

istock/baloncici

Re/insurer AXA has reached an agreement with Italian insurer Generali to sell its insurance operations in Malaysia, which includes its 49.99 percent shareholding in AXA Affin General Insurance (AAGI) and 49 percent shareholding in AXA Affin Life Insurance (AALI), for total cash proceeds of RM 688 million (€140 million).


Generali, AXA, Property and Casualty, Insurance, Reinsurance, Jaime Anchústegui Melgarejo, Rob Leonardi, Malaysia

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