NEW YORK CITY (dpa-AFX) - merican International Group, Inc. (AIG) has agreed to acquire Laya Healthcare, Ireland's second largest health insurance provider. The transaction may close in the first half of 2015.
Operating in Ireland since 1997, Laya Healthcare has around 500,000 customers. It employs 450 people, principally in Cork, and serves over 23% of the Irish private health market. The company also offers life, dental, and travel insurance, as well as health and wellness coverage.
Laya Healthcare would be a part of AIG's Health business, which is focused on offering creative solutions to AIG's customers and partners in a rapidly changing global healthcare environment. The Health business' expansion is critical to AIG's Consumer Insurance strategy of meeting the broad insurance needs of consumers in markets worldwide.
Copyright RTT News/dpa-AFX