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Founded in 1908 by Alfred Hewton Fair, it is the largest and oldest life insurance company in Singapore and Malaysia. In 2006, the company had assets in excess of S$ 8 billion, 2.6 million policies in force served by 24 branch offices and a service network of more than 17,000 agents nationwide.
In 2011, Old Mutual sold US Life to Harbinger Group Inc. for $350 million. [14] Old Mutual sold its Nordic operations to Skandia Liv for £2.1 billion in 2012. [15] In 2013, Old Mutual strengthened operations in Africa with the acquisition of Provident Life Assurance in Ghana [16] and Oceanic Life in Nigeria. [17]
In 2018, Singlife acquired the business portfolio of Zurich Life Singapore. [2] In 2020, Singlife and Aviva Singapore announced a merger deal valued at $3.2 billion, which made the combined company the largest insurer in Singapore. [3] On 13 September 2023, Aviva announced its withdrawal from the Singlife joint venture. [4]
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Old Mutual Holdings Plc, Formally known as UAP Holdings Limited, is an investment, retirement, and insurance group that operates mainly in Eastern Africa.UAP Holdings is one of the leading insurance and financial services groups in eastern Africa with a network of branches and operational subsidiaries spread across the greater eastern and central Africa regions.
There was a change in ownership where 50% of Heitman would be owned by Old Mutual while the other 50% were held by Heitman's management team. [1] [3] [12] In the early 2000s, Heitman started expanding its operations into Asia. [13] In 2018, Heitman acquired Old Mutual's stake of the firm making it entirely owned by its management team. [3]
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Everest Group, Ltd. is a Delaware-based provider of reinsurance and insurance, operating for close to 50 years through subsidiaries in the U.S., Europe, Singapore, Canada, Bermuda and other territories. Everest offers property, casualty, and specialty insurance and reinsurance through its various operating affiliates located in key markets ...