business
Allianz leads race for HSBC’s Singapore insurance arm – report
Key takeaways
- The German group is regarded as the most likely purchaser of HSBC Life Singapore after surpassing rival bids.
- Unnamed sources cited by the news agency said Allianz and HSBC are working through the final terms of a deal, which could be unveiled soon.
- HSBC had been eyeing a valuation of up to $2bn for the business.
Allianz leads race for HSBC’s Singapore insurance arm – report Allianz and HSBC are reportedly working through the final terms of a deal · Life Insurance International Vidhya Edwards Munnangi Mon, June 15, 2026 at 4:52 PM GMT+7 2 min read ALV.DE HSBC Allianz is being viewed as the leading contender to buy HSBC Holdings’ insurance business in Singapore, according to a Bloomberg report.
The German group is regarded as the most likely purchaser of HSBC Life Singapore after surpassing rival bids.
Unnamed sources cited by the news agency said Allianz and HSBC are working through the final terms of a deal, which could be unveiled soon.
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