News Life and Health18 Jul 2024

Singapore:Allianz offers to acquire 51% of Income Insurance

| 18 Jul 2024

From left to right: Adeline Sum (Group CEO, NTUC Enterprise), Renate Wagner (Member of the Board of Management of Allianz SE, Asia Pacific, Mergers & Acquisitions, People and Culture), Ronald On (Chairman of Board of Directors, Income Insurance), Oliver Bäte (Chairman of the Board of Management of Allianz SE (CEO)), Lim Boon Heng (Chairman of NTUC Enterprise & Temasek), Kee Teck Koon (Deputy Chairman, NTUC Enterprise), Anusha Thavarajah (Regional CEO, Allianz Asia Pacific), Andrew Yeo (CEO, Income Insurance) Photo credit – Allianz


Munich-headquartered global insurer Allianz, through its wholly-owned subsidiary, Allianz Europe (the Offeror), has announced a pre-conditional voluntary cash general offer to acquire at least 51% of the shares of one of Singapore's biggest composite insurers.

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