SUBSCRIBERS
Aviva-Singlife merger a sign of PE interest in Asia insurance assets
Published Sun, Sep 27, 2020 · 09:50 PM
Singapore
INSURANCE bigwig Aviva's headline S$2.7 billion sale of its Singapore operations to homegrown digital insurer Singlife mirrors a global trend of private equity (PE) firms digging into the strong growth of insurance businesses.
With Singlife, that private equity angle comes in the form of global alternative asset firm TPG, which stepped in as Singlife's new investor.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Prudential shutters Hong Kong wealth unit Pulse
JPMorgan, Nomura limit Segantii exposure on Hong Kong case
UOB awards Wong Kan Seng over S$400,000 in shares
Singapore eyes giving law enforcement agencies more power to probe money laundering offences
Seventh money laundering accused to plead guilty on May 23
DBS hires chief of Ping An’s tech group to be its new chief information officer