Business
Hiscox completes sale of HK division of DirectAsia
Hiscox completes sale of HK division of DirectAsia.
About this update from Hiscox Ltd
[{"type":"text","content":"\n \nRNS Number : 4728I Hiscox Ltd 31 August 2016 \n\nHiscox Group completes sale of Hong Kong division of DirectAsia to Well Link\nHiscox Group now focusing future growth strategy of DirectAsia on Singapore and Thailand\n \nHamilton, Bermuda (31 August 2016) - Hiscox, the global specialist insurance group, has today completed the sale of the Hong Kong division of its DirectAsia business to Well Link Group Holdings Limited, having received regulatory approval from the Office of the Commissioner of Insurance (OCI) in Hong Kong. \n \nThe business will continue to operate under the DirectAsia brand in Hong Kong for a transitional period of up to 12 months.\n \nAs announced in March, the transaction will allow Hiscox to focus the future growth of DirectAsia on its operations in Singapore and Thailand where it sees strong potential.\n \nEnds \n \nFor further information please contact: \n \nKylie O'Connor +44 (0) 20 7448 6656 [email protected] \n \nNotes to editors \n \nAbout The Hiscox Group\n \nHiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed bus...