Hiscox exploring other options for DirectAsia

Last September, Hiscox announced an agreement to sell DirectAsia, its business operations in Singapore and Thailand predominantly providing motor insurance, to Ignite Thailand Holdings Limited, which owns online insurance broker Roojai.

The insurer has now provided an update that the deal has been terminated as the terms have not been met within the agreed time period.

Hiscox said that it is exploring other options for DirectAsia.

DirectAsia reported $31 million in written premiums for the first six months of 2024.