Allianz calls off deal with Income Insurance after public scrutiny
1 day ago · Going forward, Income’s board said that with more than 40 direct insurers in Singapore today offering a wide range of retail insurance products, no single insurer dominates in providing the most ...
Allianz withdraws $1.63 bln offer for Singapore's Income Insurance
15 hours ago · German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore's Income Insurance for about $1.63 billion, the company said in a statement on Monday. ... Reuters, the news and ...
Income could still find other buyers but investors may be ... - CNA
20 hours ago · The Income-Allianz saga, however, could cause global insurance companies to now be cautious when investing in local firms given the recent legislative rectification, said NUS' Prof Loh. "But if ...
Allianz Withdraws $1.63B Offer for Singapore’s Income Insurance
1 day ago · Singapore Amends Law to Stop Allianz’s Insurance Deal; Singapore Blocks $1.7 Billion Allianz-Income Insurance Deal; Singapore Monetary Authority Defends Allianz’s $1.7B Plan to Buy Income ...
Allianz Pulls $1.7 Billion Bid to Buy Stake in Singapore Insurer
1 day ago · Allianz SE withdrew an offer to buy a majority stake in Singapore’s Income Insurance Ltd. for about S$2.2 billion ($1.6 billion), dealing a blow to its ambitions in a key growth market.
Allianz pulls out of Income Insurance deal after Singapore's …
11 hours ago · The proposal included withdrawing $1.85 billion from Income Insurance’s capital within three years of the acquisition, raising concerns about the insurer’s financial resilience and ability to ...
Allianz Withdraws Offer to Acquire Income Insurance
22 hours ago · Allianz had offered 2.2 billion Singapore dollars, equivalent to US$1.63 billion, for a controlling stake in Income Insurance as part of plans to expand in the region.
Allianz withdraws pre-conditional offer for Income Insurance
2 days ago · Allianz withdraws the pre-conditional voluntary cash general offer to acquire majority stake in Income Insurance Limited (Income Insurance) originally announced on July 17 • This follows the Singapore Government’s announcement on October 14, 2024, expressing its views on why the transaction should not proceed on its present terms and the subsequent changes to the Insurance Act • Allianz ...
Allianz Is Close to Dropping Income Insurance Deal - Bloomberg
3 days ago · Allianz SE is close to scrapping a proposed S$2.2 billion ($1.6 billion) acquisition of Singapore’s Income Insurance Ltd. following public backlash to the deal, people with knowledge of the ...
Allianz-Income deal off in its current form, but Govt open to new ...
Oct 14, 2024 · SINGAPORE – The much-debated deal between German insurer Allianz and Income Insurance has been called off by the Singapore Government on concerns over the deal structure and the ability of the...