Corebridge Financial To Sell Ireland-Based Health Insurer Laya Healthcare To AXA For €650 Million

Corebridge Financial, Inc. entered into a definitive agreement to sell its Ireland-based subsidiary, Laya Healthcare Limited, to AXA for a total consideration of €650 million in cash. The sale of Laya Healthcare is expected to close in the fourth quarter of 2023, subject to regulatory approvals and other customary closing conditions. Laya Healthcare, the second largest health insurance provider in Ireland, is a full-service managing general agent headquartered in Cork and offers a diverse suite of innovative health insurance benefits and services in the Irish health insurance market, including life and travel insurances.

Peter Zaffino, Chairman and Chief . . .