Linklaters has advised AXA on its acquisition of Laya Healthcare Limited (“Laya”) for EUR 650 million, affirming the insurers ambition to grow its European franchise by expanding its operations in a buoyant, fast-growing health insurance market.
Laya has a leading position in the Irish health market with ca. 28% market share, serving close to 700,000 policyholders. It operates as a Managing General Agent with a highly digitalized platform and a strong direct distribution network, which makes Laya the sole point of contact for its customers through their healthcare journey. AXA purchases Laya from Corebridge Financial Inc., a subsidiary of AIG.