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Allianz to acquire HSBC’s Singapore insurer in $2.1 billion deal

Allianz to acquire HSBC’s Singapore insurer in $2.1 billion deal

by AIP Online Bureau | Jul 24, 2026 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life

“Singapore serves as our Asia-Pacific headquarters and is central to our global growth strategy,” Baete said in the firm’s release on Friday. Singapore “is a nation that cares deeply about the well-being of its people.” Allianz SE agreed to buy HSBC Holdings Plc’s...
Allianz leads race for HSBC Life Singapore

Allianz leads race for HSBC Life Singapore

by AIP Online Bureau | Jun 18, 2026 | Eco/Invest/Demography, International News, Life

HSBC had shortlistedAllianz, Sumitomo Life Insurance Co. and Daiichi Life Group Inc. as bidders for the Singaporean insurance unit. Other insurers including Sun Life Financial Inc. and Nippon Life Insurance Co. were said to be in the frame for the unit previously....
Singapore general insurance market’s gross written premiums rise 8.4% to S$6.09 billion in 2025

Singapore general insurance market’s gross written premiums rise 8.4% to S$6.09 billion in 2025

by AIP Online Bureau | Mar 26, 2026 | Eco/Invest/Demography, Health, International News, Non-Life

Despite the higher claim environment, the domestic segment strengthened its underwriting performance. Underwriting profit rose 32% to S$289 million in 2025, up from S$219 million in 2024. This reflects the continued resilience of Singapore’s general insurance market....
Singapore’s 4 telecom companies targeted by cyber espionage group

Singapore’s 4 telecom companies targeted by cyber espionage group

by AIP Online Bureau | Feb 10, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology

Google-owned cyber security firm Mandiant has described UNC3886 as a “China-nexus espionage group” that has attacked defense, technology and telecommunications organizations in the United States and Asia. Singapore:Singapore’s four telecom companies, Singtel, StarHub,...
India to deepen engagement with Singapore-based ship safety agency

India to deepen engagement with Singapore-based ship safety agency

by AIP Online Bureau | Jan 11, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

Overall, ReCAAP engagement with the law enforcement agencies has been good and a successful arrangement is in place for ships to sail through Asian waters safely, though the weakest point is still the Straits of Malacca and Singapore (SOMS), where sea robberies have...
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