Allianz, Singapore
Singapore hits brakes on $1.7 billion Allianz deal for one-time insurance cooperative after it sparks public outcry
Singapore’s government made a rare intervention in a merger deal, stepping in to block a controversial $1.7 billion deal by Germany’s Allianz to buy Income Insurance, a cooperative-turned-company.
Singapore Lawmakers Amend Bill to Stop Allianz’s Insurance Deal
Singapore lawmakers passed an amendment to a bill that will effectively block Allianz SE’s proposed S$2.2 billion ($1.7 billion) acquisition of a majority stake in a local insurance firm. Most Read fr
Income-Allianz deal: MPs clash over Insurance Act amendment in 4-hour debate
The Insurance Act was amended after Parliament passed a Bill on Wednesday (Oct 16). The new amendment requires the Monetary Authority of Singapore (MAS) to seek the approval of the Ministry of Culture,
Singapore Parliament passes Bill enabling government to block Allianz-Income deal
SINGAPORE: The minister in charge of Singapore’s financial regulator will have powers to block deals involving insurers that are run or substantially owned by cooperatives after Parliament passed new laws on Wednesday (Oct 16).
Singapore amends insurance bill post-Allianz deal
Key concern raised by the MCCY is the terms and structure of the deal. Singapore’s Parliament passed the Insurance (Amendment) Bill yesterday to block the Allianz-Income Insurance deal. Chee Hong Tat,
The Edge Singapore3h
Briefs: Allianz to consider revisions to Income deal; FIH closes 4.5% down in first trading day; Thailand cuts rates
Allianz to consider revisions to Income deal; FIH closes 4.5% down in first trading day; Parkway Life REIT's results; ...
Singapore to block Allianz deal for Income but open to new offer, PM says
Singapore will block a bid by German insurer Allianz to buy a majority stake in Singapore's Income Insurance but remains open ...
MPs in Singapore raise questions over communication, business uncertainty in move to block Allianz-Income deal
SINGAPORE: The information-sharing process between different agencies was among the key issues raised as MPs debated the move ...
Channel NewsAsia Singapore4h
Income-Allianz saga: Union leaders concerned about impact on NTUC’s standing, ties with government
The NTUC-PAP relationship remains strong despite the difference in views over the Allianz deal, NTUC secretary-general Ng ...
The Independent Singapore6h
Ng Chee Meng confirms NTUC respects Govt’s decision to halt Allianz deal
He added that union leaders who backed the deal, were naturally worried about the potential consequences of the decision.
Singapore blocks Allianz-Income deal with Insurance Act amendment; Olympians and Paralympians honoured in Parliament: Singapore live news
Yahoo Singapore is featuring a curated selection of some of the biggest, most important, and fascinating news that's making ...
Channel NewsAsia Singapore2d
Singapore blocks Income-Allianz deal but leaves door open if concerns over public interest are fully addressed
The Ministry of Culture, Community and Youth says it is not confident that the proposed transaction would not affect Income, ...
MPs raise questions over communication, business uncertainty in move to block Allianz-Income deal
These issues and more were raised in a lengthy Parliament debate lasting four hours. Read more at straitstimes.com.