Divestiture • Insurance

AXA Acquires Laya Healthcare

On August 3, 2023, AXA acquired insurance company Laya Healthcare from AIG for 650M EUR

Acquisition Context
  • This is AXA’s 12th transaction in the Insurance sector.
  • This is AXA’s 2nd largest (disclosed) transaction.
  • This is AXA’s 1st transaction in Ireland.

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M&A Deal Summary

Date August 3, 2023
Target Laya Healthcare
Sector Insurance
Buyer(s) AXA
Sellers(s) AIG
Deal Type Divestiture
Deal Value 650M EUR

Target Company

Laya Healthcare

Little Island, Ireland
Laya Healthcare is a health insurance provider that offers life, dental, travel insurance, and health wellness coverage. Laya Healthcare was formed in 1995 and is based in Little Island, Ireland.
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Buyer Overview 1

Buyer

AXA

Paris, France

Category Company
Founded 1852
Sector Insurance
Employees100,041
Revenue 89.8B EUR (2024)
DESCRIPTION

AXA is a provider of financial protection and asset management services primarily in western Europe, North America, the Asia Pacific region, the Middle East, and Africa. The Company offers a range of life and savings products, including individual and group savings retirement products, life and health products. The Property & Casualty segment includes a range of products, including motor, property and general liability insurance for both personal and commercial customers. AXA was founded in 1852 and is based in Paris, France.


Deal Context for Buyer #
Overall 15 of 15
Sector: Insurance 12 of 12
Type: Divestiture 5 of 5
Country: Ireland 1 of 1
Year: 2023 1 of 1
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Port Adhoc

Paris, France

Port Adhoc is a provider of management and construction of infrastructure dedicated to the pleasure boating. Port Adhoc was founded in 2004 and is based in Paris, France.

Buy -

Seller Profile 1

SELLER

AIG

New York, New York, United States

Category Company
Founded 1919
Sector Insurance
Employees22,200
Revenue 27.3B USD (2024)
DESCRIPTION

AIG is an international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group was incorporated in 1919 and is based in New York City.


Deal Context for Seller #
Overall 21 of 22
Sector: Insurance 17 of 18
Type: Divestiture 20 of 20
Country: Ireland 1 of 1
Year: 2023 4 of 4
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-22 Validus Re

Pembroke, Bermuda

Validus Re is a provider of reinsurance and insurance, conducting its operations worldwide through two wholly-owned subsidiaries, Validus Reinsurance, Ltd. and Talbot Holdings Ltd. The company is a Bermuda-based reinsurer focused on short-tail lines of reinsurance. Talbot is the Bermuda parent of the specialty insurance group primarily operating within the Lloyd's insurance market through Syndicate 1183. Validus Re was founded in 2005 and is based in Pembroke.

Sell $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-09 Corebridge Financial

Houston, Texas, United States

Corebridge Financial is a providers of retirement solutions and insurance products. Corebridge Financial partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. Corebridge Financial was founded in 1998 and is based in Houston, Texas.

Sell -

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