LPA Singapore advised Ancileo on the entry of a strategic investor

LPA Singapore, part of LPA-CGR avocats, advised Ancileo on the entry of a strategic investor Fermion, part of Silverlake Axis group.

Digital engagement solutions provider Fermion has acquired an undisclosed stake in Singapore-based insurtech company Ancileo.

The deal is set to allow insurers to strengthen and update their insurance distribution system. It is also expected to develop an improved insurance ecosystem in the travel and banking sectors.

Leveraging the capabilities of Ancileo, Fermion aims to expand its presence from 10 to 26 markets across the globe as well as make an entry into the travel insurance market.

The team of LPA Singapore was composed of Arnaud Bourrut-Lacouture (Partner), Selma Korichi and Irène Bernard-Espina.

Source:

https://www.lifeinsuranceinternational.com/news/fermion-acquires-insurtech-ancileo/

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