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Pages in category "Insurance companies of Singapore" The following 5 pages are in this category, out of 5 total. This list may not reflect recent changes. A.
By doing so, it contributed to the development of the retakaful sector, which historically saw much of its business ceded to international markets outside of Asia. [ 15 ] [ 16 ] The new entity was established with an initial capital of US$300 million, positioning it as the world's largest retakaful (Islamic reinsurance) company at the time.
The company entered into an agreement to sell its 25.9% stake in Singlife, as well as two debt instruments, to Sumitomo Life Insurance Company for a total cash consideration of SGD1.4 billion (£0.8 billion). The sale is expected to complete in Q4 2023, subject to customary closing conditions and regulatory approvals.
Ratings for insurance companies matter because they highlight the financial stability of an insurer and help people gauge if the company will be able to provide them with the money they need in ...
In 2023, the company entered the Malaysian life insurance market through an investment in Gibraltar BSN Life Berhad, which was renamed FWD Insurance Berhad. Alongside other investors, FWD Group acquired a stake from The Prudential Insurance Company of America, a wholly owned subsidiary of the US-based, NYSE-listed Prudential Financial, Inc. (PFI).
Singapore’s government made a rare intervention in a merger deal, stepping in to block a controversial $1.7 billion deal by Germany’s Allianz to buy Income Insurance, a cooperative-turned-company.
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