Allianz

Failed Income acquisition: Allianz shareholders may baulk at taking on social mission: Lawyer
Failed Income acquisition: Allianz shareholders may baulk at taking on social mission: Lawyer
October 15, 2024
They say the state is right to focus on Income’s social mission, and do not believe the blocked deal will put a chill on the insurance M&A sceneWHILE the...
Income acquisition to give double-digit ROI, strong home base in Singapore: Allianz CEO
Income acquisition to give double-digit ROI, strong home base in Singapore: Allianz CEO
August 9, 2024
GERMAN insurance provider Allianz is expecting a "double-digit return on investment (ROI) over time" on its acquisition of Income Insurance, said its chief executive Oliver Baete on Aug 8.Speaking...
Allianz Q2 net profit up better-than-expected 7.5%; affirms targets
Allianz Q2 net profit up better-than-expected 7.5%; affirms targets
August 8, 2024
GERMANY’S Allianz on Thursday posted a better-than-expected 7.5 per cent rise in second-quarter net profit and said it was on track to meet its full-year target.The insurer said that...
Income says chairman recused himself from Morgan Stanley FA appointment in Allianz deal
Income says chairman recused himself from Morgan Stanley FA appointment in Allianz deal
July 28, 2024
INCOME Insurance chairman Ronald Ong had recused himself when Morgan Stanley was appointed as the financial adviser as part of its recent deal with Allianz, the insurer said. In...
Allianz stake acquisition to help Income compete in market ‘dominated by regional, global competitors’: NTUC Enterprise
Allianz stake acquisition to help Income compete in market ‘dominated by regional, global competitors’: NTUC Enterprise
July 25, 2024
NTUC Enterprise has assured Income Insurance’s shareholders and policyholders amid surprise and disquiet over Allianz’s bid to acquire 51 per cent of the Singapore insurer’s shares for some 1.5...
Allianz continues to eye Asia opportunities as it aims for market leader status: CEO
Allianz continues to eye Asia opportunities as it aims for market leader status: CEO
July 21, 2024
But, Oliver Baete ensures that investing in growth does not have an impact on the insurer’s ability to generate free cash flows, which he expects is the better way...
Allianz seeks 51% Income Insurance stake in 1.5 billion-euro deal
Allianz seeks 51% Income Insurance stake in 1.5 billion-euro deal
July 17, 2024
GERMAN financial services giant Allianz plans to acquire 51 per cent of Singapore-based insurer Income Insurance at S$40.58 per share. The deal amounts to some 1.5 billion euros (S$2.2...
German Allianz to invest in China’s mega pension company with 2% stake
German Allianz to invest in China’s mega pension company with 2% stake
June 24, 2024
ALLIANZ Global Investors (AGI), one of the investment arms of German insurer Allianz, has become the first foreign company to own a stake in China’s pension insurance giant Guomin...
Income Insurance says it is in discussion with Allianz for potential transaction of shares
Income Insurance says it is in discussion with Allianz for potential transaction of shares
June 14, 2024
INCOME Insurance is currently “in discussion” with European insurer Allianz on a transaction relating to Income’s shares, it said on Friday (Jun 14). The statement follows media reports that...
Now is the time to buy troubled properties at bargain prices, Allianz CEO says
Now is the time to buy troubled properties at bargain prices, Allianz CEO says
February 25, 2024
ALLIANZ’S chief executive officer Oliver Baete said now is the right moment to snap up properties at bargain prices as some troubled owners are forced into selling. “Look at...