Unlike 2022, all of the top five richest countries in the world had positive growth in net financial assets in 2023. Of these ...

German insurer Allianz said late on Monday that it will consider revisions to the proposed transaction structure to acquire a ...

Singapore government spells out why it rejected Allianz and Income Insurance deal To access the premium content on InsuranceERM, you must first sign in to your account. Not registered? Sign up today ...

The Singapore government’s decision to block the Income-Allianz deal is telling of the new leadership’s willingness to act ...

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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