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

Singapore Hosts TMS APAC 2025, Driving Business Tourism Growth Globally

03 Apr, 2025

The Meetings Show Asia Pacific (TMS APAC) 2025 returns for…
Read More
Singapore and Vietnam Strengthen Economic and Strategic Ties During PM Visit

26 Mar, 2025

Singaporean Prime Minister Lawrence Wong will make his first official…
Read More
Singapore and India Strengthen Ties in Green Shipping, Digital Business

20 Mar, 2025

India’s Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, along…
Read More
Singapore and Thailand Boost Economic Ties Through Strategic Business Partnerships

19 Mar, 2025

Singapore and Thailand are strengthening economic ties through strategic business…
Read More
Vietnam-Singapore Strengthen Economic Ties with Comprehensive Strategic Partnership

13 Mar, 2025

Singapore and Vietnam have officially elevated their bilateral relations to…
Read More
Rwanda-Singapore Partnership Boosts Digital Economy and Innovation

11 Mar, 2025

Rwanda and Singapore are strengthening their partnership to drive digital…
Read More

Interview

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