Norton Rose Fulbright advises AXA on the sale of its insurance operations in Singapore to HSBC for a total cash consideration of USD 529 million

Global Press release March 2022

Global law firm Norton Rose Fulbright has advised AXA on the sale of its insurance operations in Singapore (being one of the largest composite insurers in the country) to HSBC Insurance (Asia-Pacific) Holdings Ltd, for a total of cash consideration of USD 529 million.

The Norton Rose Fulbright team advising on the sale was led by partner Craig Loveless and supported by counsel Shahin Foroughian. Partners Anna Tipping and Dominic Stuttaford, counsel David Olds and Associate Mary McCartin (alongside a number of other lawyers in the team) also supported the transaction.

Craig Loveless commented: “We’re delighted to have assisted AXA on this important and strategic deal. Having worked closely with the AXA team across Asia over the past 10 years, we enjoy every opportunity to partner with the excellent team at AXA on their M&A projects.”

Norton Rose Fulbright’s Merger and Acquisition practice has significant experience in the region with lawyers that have a broad range of experience in representing all parties in the M&A space. The practice is also regularly recognised by well-known legal publications including Legal 500.