Allianz and NTUC Enterprise were informed of the rejection shortly before the government decision was made public. Read more ...

Income Insurance also said that it "respects" the government's decision and will work closely with the relevant stakeholders ...

It is also not clear what Income might do after the capital extraction, for example to adjust or trim its insurance portfolio ...

The government has tabled an amendment to the Insurance Act in Parliament, enabling the Monetary Authority of Singapore (MAS) ...

The deal between German insurer Allianz and Income Insurance has been called off by the Singapore Government over concerns ...

GERMAN insurer Allianz will consider revising the proposed transaction structure to purchase a majority stake in Singapore’s ...

NTUC Enterprise has a 72.8% stake in Income. Allianz announced in July that it wanted to buy a 51% stake in Income Insurance for 2.2 billion Singapore dollars, equivalent to US$1.68 billion, as part ...

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Income and NTUC Enterprise said that they will work closely with relevant stakeholders to decide on the next course of action ...

Prime Minister Lawrence Wong says the government remains open to a new deal if the concerns are fully addressed.

The Ministry of Culture, Community and Youth says it is not confident that the proposed transaction would not affect Income, ...