Impact of AXA Singapore's exit from motor, commercial insurance

HSBC Insurance, an indirectly owned subsidiary of HSBC, recently completed its acquisition of AXA Singapore. PHOTO: STRAITS TIMES
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HSBC has said it will cease to offer AXA Singapore's motor and commercial lines insurance product classes by the middle of the year.

HSBC Insurance, an indirectly owned subsidiary of the bank, recently completed its acquisition of AXA Singapore for US$529 million (S$720 million). The Sunday Times finds out how this will affect AXA's existing policyholders.

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