Insurance Post

Hiscox-owned Direct Asia sells Hong Kong division to Well Link

hong-kong

Global insurer Hiscox has decided to sell the Hong Kong division of Direct Asia to Well Link for an undisclosed sum.

The Hong Kong division of Direct Asia, a direct internet insurer, was established in 2012 and was part of Hiscox's $55m (£30m) acquisition of Direct Asia in March 2014. The division generated $8m of

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