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Singapore grows in appeal for major foreign insurers
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Two major deals have hit the headlines in the space of seven months – the acquisition of Singlife by Sumitomo Life and an offer on the table by Allianz for Income Insurance.
PHOTOS: ST FILE, LIANHE ZAOBAO
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SINGAPORE - Singapore’s insurance sector is drawing foreign players seeking to grow their footprint in the Republic and in South-east Asia.
Two major billion-dollar deals have hit the headlines in the space of seven months – the completed acquisition of Singapore Life (Singlife) by Japanese insurer Sumitomo Life Insurance and an offer on the table by German insurer Allianz for Income Insurance.
