Ignite Thailand Holdings Ltd entered into an agreement to acquire Direct Asia Insurance (Holdings) Pte Ltd from Hiscox Ltd (LSE:HSX) on September 27, 2023. The transaction is subject to customary conditions and regulatory approvals including approval of the Monetary Authority of Singapore and is expected to complete by the end of 2023. Toby Grainger, Leslie Tay and Sam Ng of Cms Cameron Mckenna Nabarro Olswang (Singapore) Llp acted as legal advisor to Ignite Thailand Holdings in the transaction. J.P. Morgan acted as Financial Adviser to Hiscox. Caroline Rae, Jamie McLaren of Herbert Smith Freehills LLP acted as legal advisor to Hiscox Ltd.

Ignite Thailand Holdings Ltd completed the acquisition of Direct Asia Insurance (Holdings) Pte Ltd from Hiscox Ltd (LSE:HSX) on January 16, 2024.