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.
Case details
- Notification date:4 September 2023
- Publication date:4 September 2023
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Insurance and pension services - L.65
- Outcome:Cleared
Documents
M.23.049 Merger AnnouncementPDF | 110 KBM.23.049 Merger Announcement PDF | 110 KB - Opens in new window
M.23.049 DeterminationPDF | 282 KBM.23.049 Determination PDF | 282 KB - Opens in new window
Timetable
Parties Involved
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.
Contacts
Marie-Claire Longmarieclairelong@ccpc.ie
