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AXA and HSBC to enter into a long-term partnership in Property & Casualty in Asia and Latin America


Press Release

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March 7, 2012

published at 1:00 AM CET

AXA and HSBC announced today they have entered into an agreement whereby AXA would acquire HSBC's P&C businesses in Hong Kong, Singapore and Mexico. In addition, AXA will benefit from a ten-year exclusive P&C bancassurance agreement with HSBC in these countries as well as in India, Indonesia and China.


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