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Well Link Group has agreed to buy the Hong Kong arm of Hiscox's Direct Asia for an undisclosed amount, as Hiscox plans to focus on Singapore and Thailand.
Hiscox has agreed to sell the Hong Kong division of its DirectAsia business to Well Link Group Holdings, a member of a Hong Kong-based financial conglomerate.
The transaction, for an undisclosed amount, is subject to regulatory approval from the Office of the Commissioner of Insurance in...