Allianz’s acquisition of Income is unlikely to change Singapore’s market landscape: Fitch
July 23 2024 by InsuranceAsia News-
Income Insurance acquisition highlights Allianz’s increasing focus on South-East Asia: S&P
- July 22
Allianz Insurance Singapore, rated "A+" with a "stable" outlook, remains a strategically important subsidiary of the group, as the rating reflects the extent of support the rating agency expects from the group.
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Income to benefit from Allianz’s global expertise and potential synergies: Fitch
- July 19
The proposed acquisition is fully in-line with Allianz’s strategic objectives to grow inorganically in property and casualty, the rating agency said.
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South Korea’s MG Non-Life insurance gets no bidder third time in a row
- July 19
Private equity firms JC Flowers and Dayli Partners, which participated in the preliminary bid in April and conducted due diligence on it, have dropped out of the deal.
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Allianz makes US$1.6bn offer for 51% of Singapore’s Income Insurance
- July 17
The offer is subject to the approval of the shareholders of Income Insurance for the amendments to the constitution and the proposed name change.