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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.
AIA Group Limited, [3] often known as AIA (Chinese: 友邦保險; pinyin: Yǒubāng Bǎoxiǎn; Jyutping: Jau5 bong1 bou2 him2), is an American-Hong Kong–based multinational insurance and finance corporation.
In July 2024, the NTUC Enterprise co-operative gave an irrevocable undertaking to sell a majority 51% stake of Income Insurance Ltd to German insurer Allianz. [13]NTUC Enterprise Chairman Lim Boon Heng stated that "is a capital-intensive business and to grow, there is a need to tap the capital markets" and that the sale was necessary because the "strength of Allianz’s financial position will ...
Allianz Global Investors (commonly called AllianzGI or AGI), is a global investment management firm with offices in over 20 locations worldwide. It is owned by the global financial services group Allianz. Employing nearly 3,000, it manages over EUR 500 billion in assets on behalf of institutional, retail clients and also of Allianz itself. [1]
Stock market news live updates: S&P 500, Nasdaq close lower ahead of inflation report, earnings. Alexandra Semenova. October 11, 2022 at 3:03 PM.
Allianz Life was also honored that year as one of Minneapolis/St. Paul Business Journal’s Best Places to Work winners, ranking eighth on the list of large companies with more than 1,000 full-time Minnesota employees. [8] On July 25, 2017, Allianz became the title sponsor of MLS's Minnesota United FC stadium in Saint Paul, Allianz Field. [9]
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Singlife was established by Walter de Oude in 2017 as the first local insurer to be licensed by the Monetary Authority of Singapore since 1970. [1] In 2018, Singlife acquired the business portfolio of Zurich Life Singapore. [2]