Allianz to Acquire Majority Stake in Singapore's Income Insurance for $1.6 Billion

Allianz to Acquire Majority Stake in Singapore's Income Insurance for $1.6 Billion

18 Jul, 2024

German insurer Allianz plans to buy a 51% stake in Singapore's Income Insurance for $1.6 billion, marking its largest acquisition in Asia and its biggest deal in three years. The acquisition will elevate Allianz to the fourth-largest insurer in Asia, reflecting the company's commitment to investing in Singapore's growing insurance market. NTUC Enterprise, the top shareholder of Income Insurance, will remain a substantial shareholder. The transaction is subject to regulatory approval.

 

Related News

Grab Partners with London School of Business for Education Programmes

08 Jan, 2025

Grab has partnered with the London School of Business and…
Read More
Singapore Tech Start-ups Expanding Presence in the US, Reports SBF

02 Jan, 2025

Many local tech start-ups in Singapore are looking to expand…
Read More
Atome, Valiram Partner for Flexible Financial Services in Malaysia, Singapore

05 Dec, 2024

Atome, a leading financial services platform, has partnered with Valiram,…
Read More
HSBC Report Names Singapore Hong Kong Top Asian Markets for Investment

28 Nov, 2024

According to a recent HSBC report, Singapore and Hong Kong…
Read More
Despite Hype Only 27% of Singapore Businesses Have Adopted AI

20 Nov, 2024

A recent HubSpot report reveals that despite Singapore’s growing focus…
Read More
CM Mohan Charan Majhi urges Singapore leaders to explore Odisha

18 Nov, 2024

Chief Minister Mohan Charan Majhi on Sunday urged investors and…
Read More

Interview

© 2025 Business International News. All rights reserved | Powered by Cred Matters.