Aviva-Singlife merger a sign of PE interest in Asia insurance assets

Singapore

INSURANCE bigwig Aviva's headline S$2.7 billion sale of its Singapore operations to homegrown digital insurer Singlife mirrors a global trend of private equity (PE) firms digging into the strong growth of insurance businesses.

With Singlife, that private equity angle comes in the form of global alternative asset firm TPG, which stepped in as Singlife's new investor.