M/15/005 – AIG / Avondhu (Laya Healthcare)

Transaction details

The proposed acquisition by American International Group Inc., through a wholly-owned indirect subsidiary, AIG Europe Holdings Limited, of the entire issued share capital of Avondhu Limited and thus sole control of its subsidiaries, Laya Healthcare Limited and Laya Sevices Limited, has been cleared by the Competition and Consumer Protection Commission.

Notification date Decision date
Wednesday February 4, 2015 Friday, March 13, 2015
Parties Involved Business activities
AIG Inc

AIG is an international insurance corporation which specialises in the provision of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to business and non-business customers in more than 130 countries.

Avondhu Limited

Avondhu Limited is a holding company for 100% of the share capital of Laya Healthcare Limited. Laya Healthcare provides a range of insurance products in the Irish market.

Economic sector Media merger
The insurance sector No
Submissions from third parties due by:
Phase 1 Phase 2
Monday, February 16, 2015
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Joseph Walser

Tel: 01-470 3678, e-mail: josephwalser@ccpc.ie

Media enquiries: MKC Communications: 01 7038600

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