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AXA Singapore to stop offering travel and home insurance in 2023

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HSBC Insurance, an indirectly owned subsidiary of HSBC, recently completed its acquisition of AXA Singapore.

AXA Singapore made the decision after an internal review of its product line by its new owner, an indirectly owned subsidiary of HSBC.

PHOTOS: ST FILE, CHONG JUN LIANG

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SINGAPORE – AXA Singapore is axing home and travel insurance just months after

its abrupt exit from the motor and commercial insurance business.

The insurer, which has been

acquired by an indirectly owned subsidiary of the HSBC banking group,

made the decision after an internal review of its product line by its new owner.

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