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News - Asia: AXA to buy HSBC’s non-life business in Hong Kong and Singapore

Source: Asia Insurance Review | Apr 2012

HSBC has agreed to sell its general insurance portfolios in Hong Kong and Singapore to AXA Group along with a 10-year bancassurance agreement for AXA to become the exclusive provider of general insurance products to HSBC’s customers in Hong Kong, Singapore, China, India and Indonesia.

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