Allianz’s acquisition of Income is unlikely to change Singapore’s market landscape: Fitch
July 23 2024 by InsuranceAsia News
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Income Insurance acquisition highlights Allianz’s increasing focus on South-East Asia: S&P
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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
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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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Allianz makes US$1.6bn offer for 51% of Singapore’s Income Insurance
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The offer is subject to the approval of the shareholders of Income Insurance for the amendments to the constitution and the proposed name change.
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