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AXA reveals merger of its general and life insurance entities

  • Publish Date: Posted over 7 years ago

AXA has revealed it will merge its general and life insurance businesses into a single entity under AXA Insurance Pte Ltd. The move was conducted through a scheme of transfer which was licensed and approved by the Monetary Authority of Singapore and the High Court. AXA Insurance Singapore transferred its business to AXA Life Insurance Singapore Private Limited from Jan 1, 2017, with the single entity being granted a composite insurance license which will provide customers with greater convenience to access a full range of integrated general and life insurance solutions.