Income Insurance also said that it "respects" the government's decision and will work closely with the relevant stakeholders ...

Mr Tan was one of the prominent voices who spoke out against the proposed deal between Income Insurance and German insurer ...

The government has tabled an amendment to the Insurance Act in Parliament, enabling the Monetary Authority of Singapore (MAS) ...

It is also not clear what Income might do after the capital extraction, for example to adjust or trim its insurance portfolio ...

Allianz and NTUC Enterprise were informed of the rejection shortly before the government decision was made public. Read more ...

Income and NTUC Enterprise said that they will work closely with relevant stakeholders to decide on the next course of action ...

GERMAN insurer Allianz will consider revising the proposed transaction structure to purchase a majority stake in Singapore’s ...

The Singapore government will block a proposed S$2.2 billion ($1.7 billion) deal by Allianz SE to buy a majority stake in a ...

Singapore's minister of culture, community and youth Edwin Tong told parliament on Monday that the proposed transaction is ...

The government will put a halt to the deal between NTUC Income and German insurer Allianz to protect public interest, said ...

The government will put a halt to the deal between NTUC Income and German insurer Allianz to protect public interest, said ...

NTUC Enterprise has a 72.8% stake in Income. Allianz announced in July that it wanted to buy a 51% stake in Income Insurance for 2.2 billion Singapore dollars, equivalent to US$1.68 billion, as part ...