Europ Assistance has acquired several of AXA Partners’ assistance businesses in the Asia-Pacific region, a move that supports the company’s strategic expansion.
The acquisitions cover a number of assistance subsidiaries in Hong Kong, Japan, Malaysia, Taiwan, and Thailand.
This includes AAN and AAI Hub in Malaysia, AXA Assistance Japan, IPA Thailand, IPA Hong Kong, and IPA Taiwan.
Pascal Baumgarten, CEO Mobility & International at Europ Assistance Group, said: “The acquisition of AXA Partners entities will allow us to strengthen our footprint in Thailand and Malaysia, to enter Hong Kong and Taiwan, and to re-enter Japan.
“In all these countries, we will be able to offer a complete range of assistance services to local clients (travel, mobility, personal assistance), and to develop our global travel insurance activity with both Asian partners and global partners willing to expand in Asia.”
AXA Partners is the holding company of Inter Partner Assistance Hong Kong Limited. Joseph Lee, CEO of Inter Partner Assistance Hong Kong Limited, commented: “We are delighted and excited to become a part of the Europ Assistance organisation.
“We are convinced that by leveraging their global presence and assets, we would continue to be the leading assistance provider and to serve our customers with the best-in-class services in Hong Kong.”
Since 2019, Europ Assistance, historically present in China, India, and French Pacific territories, has opened offices in Thailand, Malaysia, and Singapore and has acquired the Australian and Middle Eastern subsidiaries of Mapfre Assistencia.
