News

A&O Shearman advises Allianz on its acquisition of a majority stake in Income Insurance

Published Date
Jul 22 2024
A&O Shearman has advised Allianz – through its wholly owned subsidiary Allianz Europe B.V. – on its planned acquisition of a 51% stake in leading Singapore insurer, Income Insurance Limited for approximately SGD2.2 billion.

The acquisition is expected to elevate Allianz’s presence in the fast-growing and attractive Singapore insurance market and further establishes them as one of the largest composite insurers in Asia.

The A&O Shearman team was led by James Mythen, and involved a core team including Kenny Kwan, Shuhui Kwok, Caryn Ng, Ayesha Thapar, Yu Jia Ang, Christine Fong and Zann Tay. They were supported by a large multi-disciplinary team in Singapore and by members of our global network.

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InsuranceM&A JVs and corporate reorganizationsAsset management

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Christine Fong

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