The Business Times

Allianz

Companies & Markets

Income Insurance to explore other share liquidity options after scuppered Allianz deal: departing chairman Ronald Ong

A sign for the Monetary Authority of Singapore (MAS) is pictured on the side of its building in Singapore on April 9, 2025. (Photo by Roslan RAHMAN / AFP)
Companies & Markets

MAS turns down ex-NTUC Income CEO’s request to meet chairman Gan Kim Yong over Allianz matter

German insurer Allianz announced an offer to buy a majority stake in Income Insurance for S$2.2 billion last July.
Companies & Markets

Income-Allianz deal timeline: A recap of the scuppered S$2.2 billion sale

DPM Gan addressed the issue – which has become a hot topic this general election – on the sidelines of a walkabout in Punggol GRC.
Singapore
SINGAPORE GE2025

GE2025: PM Wong takes aim at WP’s ‘negative politics’, says DPM Gan has ‘done so much’ for Singapore

Labour chief Ng Chee Meng apologised over the Allianz-Income deal at a PAP rally on Apr 27.
Singapore
SINGAPORE GE2025

GE2025: Allianz-Income deal was done in good faith, says labour chief Ng Chee Meng

The German insurer, which owns asset manager Pacific Investment Management Co, saw operating profit climb 11 per cent to 4.17 billion euros (S$5.84 billion), lifted by its property and casualty business.
Banking & Finance

Allianz profit beats as Pimco parent starts new buyback programme

The government’s intervention in the proposed acquisition of Income Insurance highlights the importance of preserving its social mission, industry watchers say.
Companies & Markets

Allianz pull-out ‘provides clarity’ on Income’s special position

Income Insurance has a special place in Singaporeans' hearts. This is evident in the outcry that Allianz's offer for Income and its proposed capital reduction plan evoked.
Wealth
COMMENTARY

Silver lining in the scrapping of Allianz’s offer for Income Insurance

Income Insurance, which has around 1.7 million customers and offers life, health and property insurance, was founded in the 1970s to offer insurance to poorer parts of the population.
Companies & Markets

Allianz scraps proposed acquisition of Singapore’s Income Insurance: source

Income Insurance and Allianz's deal discussion is ongoing despite the government veto, with both parties considering the implications of the recent ministerial statement and amendment to Insurance Act.
Companies & Markets

Income Insurance and Allianz say their deal is still alive despite government veto

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