The sale is subject to regulatory approval.
AXA Insurance has announced its acquired Laya Healthcare.
It's paying 650 million euro for Ireland's second largest health insurer, which has 690 thousand members.
In a statement AXA, which is the main car insurance provider in the state, says the deal to buy Laya underlines its commitment to Ireland.
The sale is subject to regulatory approval.
The CEO of AXA in Ireland, Marguerite Brosnan, said the acquisition underlines AXA's commitment to Ireland and fast-tracks its entry into the local and vibrant healthcare insurance sector.
"It is an exceptionally strong business recognised for its customer first approach of 'looking after you always', which very much reflects our own ethos of helping our customers 'protect what matters', she said.
"I look forward to the opportunities that this transaction will provide us to deliver new and exciting solutions that meet more customer needs, in more moments, each and every day," she added.
AXA has entered into an agreement to acquire Laya healthcare. Marguerite Brosnan, CEO AXA Ireland, "I look forward to the opportunities that this significant transaction will provide us to deliver new and exciting solutions that meet more customer needs, each and every day.” pic.twitter.com/ktvQZFPiyH
— AXA Ireland (@AXA_Ireland) August 3, 2023
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