AIA Group acquires Blue Cross Insurance

AIA Group has acquired 100% of Blue Cross (Asia-Pacific) Insurance from Bank of East Asia.

The transaction, which is pending regulatory approval, also includes an 80% stake in Blue Care JV (BVI) Holdings, a healthcare services provider. The total value of the transaction is 2.168 billion HKD (277.24 million USD).

Within the framework of this acquisition, AIA and BEA have signed a 15-year bancassurance agreement.