AIG completes acquisition of Laya Healthcare
Multinational insurance company is aiming to grow its health business in Ireland
AIG has completed the acquisition of Irish health insurance provider Laya Healthcare, for an undisclosed sum.
AIG Ireland general manager Declan O’Rourke said the company can now embark on implementing a roadmap for marrying our two brands and businesses.
“While we have no immediate plans to rebrand the laya healthcare business, we can now start to focus on how our exciting alliance - now formalised - can start reaping benefits and value for our members and our teams,” he said.
AIG has been operating in Ireland for over 40 years and already has significant global and EMEA operations based in Ireland in insurance, asset management and information technology.
Operating in Ireland since 1997, Laya Healthcare has nearly 500,000 customers, and serves more than 23 per cent of the Irish private health market.
First established as Bupa Ireland, Laya was launched in May 2012 following a management buyout of Quinn Healthcare. The company is second largest healthcare provider in the Irish market. When it launched in 2012, it initially promised to create 100 jobs by 2015. The firm has already met that target, with its current headcount at more than 450.