Sign Up
Login

Singapore to block Allianz deal for Income Insurance

Written by Adam Cadle
14/10/2024

Singapore is to block a bid by German insurer Allianz to buy a majority stake worth $1.68bn in Income Insurance, but remains open to a new deal if certain concerns can be addressed, Prime Minister Lawrence Wong has stated.

“Our concerns are over the structure and terms of this specific transaction,” he said, but added there were no concerns over Allianz’s suitability to acquire a majority stake in Income.

Allianz proposed the deal in July as part of its strategy to strengthen its foothold in Asia.


Share Story:

Related Articles

  There are no related documents to show at this time.

BANNER

Understanding Capital Solutions
Adam Cadle talks to HSBC Asset Management’s head of capital solutions, Borja Azpilicueta, and head of insurance business, Deepak Seeburrun, about the firm’s capital solutions proposition.

BANNER

Impact Investing roundtable

A Different Approach to Direct Lending
Adam Cadle talks to HSBC Asset Management’s head of direct lending UK & Europe, Tom Green, and head of insurance business, Deepak Seeburrun, about the firm’s direct lending proposition.
Most read stories...
Portfolio optimisation in today’s challenging market environment
Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it
World Markets (15 minute+ time delay)

Pictet-roundtable

European insurance companies renumeration

European Loans roundtable

BNP Paribas roundtable

ETFs roundtable

Iame roundtable May 2018

iame-roundtable2017