Linklaters advises AXA on its acquisition of Laya

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.

The Linklaters team was led by Corporate partners Dan Schuster-Woldan, Dominic da Gama Campos and managing associate Lisa Gao.