AXA acquires Laya Healthcare

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Laya is an insurer in the Irish health market with 28 per cent market share

AXA has announced that it has completed the acquisition of Laya Healthcare Limited (Laya).

Laya is an insurer in the Irish health market with an approximately 28 per cent market share, serving close to 700,000 policyholders and generating around €800 million premiums per annum. It operates as a Managing General Agent (MGA) with a highly digitalised platform and a strong direct distribution network.

Under the terms of the transaction, AXA has acquired Laya for a consideration of €650 million, in line with the announcement made upon signing of the agreement.