Hiscox Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/hiscox/ Thu, 08 Aug 2024 03:31:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Hiscox terminates sale of DirectAsia to Ignite Thailand https://insuranceasianews.com/hiscox-terminates-sale-of-directasia-to-ignite-thailand/ Thu, 08 Aug 2024 03:08:50 +0000 https://insuranceasianews.com/?p=159993 The deal was pulled due to failure in meeting customary conditions and regulatory approvals, however, the Lloyd's player said it is "exploring other options" for the Asian retail business.

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Specialist insurer Hiscox said it is pulling its planned sale of DirectAsia to Ignite Thailand, as the deal failed to meet customary conditions and regulatory approvals within the agreed timeframe, ac...

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]]> Roojai’s South-East Asia M&A play to see GWP double https://insuranceasianews.com/roojais-south-east-asia-digital-charge-to-see-gwp-surge-above-us100m/ Thu, 28 Sep 2023 23:45:34 +0000 https://insuranceasianews.com/?p=135386 Group CEO Nicolas Faquet refocuses after snapping up DirectAsia from Hiscox this week, FWD General Insurance in Thailand in the summer and launching in Indonesia in 2022.

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Thai insurtech Roojai is on the expansion trail in Asia as it expands its existing Thai and Indonesian operations into Singapore through the purchase of DirectAsia.
With this acquisition, Roojai will ...

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]]> Hiscox sells DirectAsia to Roojai parent Ignite Thailand https://insuranceasianews.com/hiscox-sells-directasia-to-roojai-parent-ignite-thailand/ Wed, 27 Sep 2023 09:39:47 +0000 https://insuranceasianews.com/?p=135303 DirectAsia is primarily a motor insurer in Singapore and Thailand and had gross written premiums of US$52.5m in 2022.

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Hiscox has agreed to sell DirectAsia’s business operations in Singapore and Thailand to Ignite Thailand Holdings, the parent of the Roojai group of companies, a Thai insurtech.
The size of the transac...

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