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It is the largest publicly traded life insurance group in the Asia-Pacific region. It offers insurance and financial services, writing life insurance for individuals and businesses, as well as accident and health insurance, and offers retirement planning, and wealth management services, variable contracts, investments and securities.
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Asia Capital Re was founded in November 2006 by Tan Kwang Kherng, who served as the company's first Group Chief Executive Officer (CEO). [2] The company was co-founded with strategic financial support from Khazanah Nasional Berhad, Malaysia's sovereign wealth fund, and 3i, a private equity firm from the United Kingdom. [3]
The site was formerly occupied by the Union Insurance of Canton. In 1924, the company vacated and was resided by the South British Insurance Company. In 1947, the site was acquired by the Asia Insurance Company. The concept of the Asia Insurance Building was crafted by Lee Leung Ki, the first General Manager of Asia Insurance Company.
The company then expanded into the Philippines in 2014 and Indonesia in 2015. Expanding into three more countries in 2016, [4] [8] that year FWD Group acquired Shenton Insurance in Singapore, [9] also purchasing a unit from Great Eastern Holdings Ltd. in Vietnam [8] for $35 million. [16] In late 2016, FWD agreed to buy AIG's Fuji Life Insurance ...
The company was founded in 1968 as Keppel Shipyard at the Keppel Harbour situated in Tanjong Pagar before moving its operations to Jurong, where the company focused on offshore and marine activities. Keppel Offshore & Marine was the world's largest oil rig builder [ 3 ] before its sale to Sembcorp Marine on 28 February 2023.
Income Insurance Limited, commonly known as Income and previously also known as NTUC Income, is a composite insurer based in Singapore, offering life, health and general insurance. Initially founded as a cooperative in 1970 under the National Trades Union Congress (NTUC), it was restructured as a public non-listed company limited by shares in ...
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.