Hiscox Ltd - Hamilton, Bermuda-based insurer - Enters agreement to sell DirectAsia, its business operations in Singapore and Thailand, to Ignite Thailand Holdings Ltd. Expects the transaction to complete by the end of 2023. Ignite Thailand is the parent of Thai online insurance broker Roojai. Hiscox says the agreement "follows [its] previously announced strategic review of the business as part of its continued active portfolio management and disciplined focus on key markets where it sees the greatest opportunities to maximise value for shareholders."
Current stock price: 1,029.00 pence, down 0.7% in London on Wednesday
12-month change: up 17%
By Emma Curzon, Alliance News reporter
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Hiscox (HSX)