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REFILE-BRIEF-HSBC to sell some insurance businesses in Singapore to AXA Life Insurance
April 3, 2013 / 8:42 AM / 4 years ago

REFILE-BRIEF-HSBC to sell some insurance businesses in Singapore to AXA Life Insurance

April 3 (Reuters) - HSBC Holdings PLC : * HSBC to sell group term life and group medical insurance businesses in Singapore * The gross asset value of these portfolios was approximately S$23.5m (approximately US$19.3M) at 31 December 2012 * Transaction expected to complete within this year. * To sell its group term life insurance, group medical insurance portfolios in Singapore to axa life insurance * Source text for Eikon

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