M/23/049 – AXA Ireland/Laya Healthcare
Transaction details
The proposed acquisition by AXA Ireland Limited of the entire issued share capital and thus sole control of Laya Healthcare Limited has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Tuesday September 5, 2023 | Wednesday, October 11, 2023 |
| Parties Involved | Business activities |
|---|---|
| AXA Ireland Limited | AXA Ireland Limited is a holding company incorporated in the State and part of the AXA Group. Its wholly-owned subsidiary, AXA Insurance DAC, is a 'Property and Casualty' insurer that offers a broad range of insurance products for both personal and commercial customers in the State. AXA Insurance DAC's business lines include: (i) private motor insurance, (ii) commercial motor insurance, (iii) house insurance, (iv) small business insurance, and (v) farm insurance. |
| Laya Healthcare Limited | Laya Healthcare Limited is an established full-service managing general agent that primarily offers private health insurance, together with small volumes of ancillary life and travel insurance products. Laya Healthcare Limited is currently a wholly-owned subsidiary of Corebridge Financial, Inc., Laya Healthcare Limited's private health insurance capacity is currently provided by Elips Versicherungen AG. |
| Economic sector | Media merger |
|---|---|
| Financial and Insurance Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, September 18, 2023 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Marie-Claire Long | marieclairelong@ccpc.ie |
Media enquiries: communications@ccpc.ie
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