AXA Completes Sale of Singapore Business to HSBC & more…Keep up with what has been happening this week in our latest insurance news round-up…

AXA Completes Sale of Singapore Business to HSBC

HSBC Insurance (Asia Pacific) Holdings Ltd., an indirect wholly-owned subsidiary of HSBC Holdings plc, completed the acquisition of 100% of the issued share capital of AXA Singapore, in a deal that was first announced in August 2021.

FloodFlash secures funding for international expansion

London-headquartered parametric insurance technology company FloodFlash has raised US$15 million in Series A funding to fuel its international expansion into target markets like the US, Germany, Australia, and Japan.

American Hellenic Hull takes new name and enters new business

The American Hellenic Hull Insurance Company has changed its name to American Steamship Owners Marine Insurance Company (Europe), or American Club (Europe) for short.

Aviva marks milestone in renewable energy portfolio

“COP26 has refocussed us all on the importance of living and working more sustainably.”

Those were the words of Aviva managing director for general insurance commercial lines Nick Major when the insurance group announced a milestone within its renewable energy portfolio.

RSA takeover set to complete by end of May & more...

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